PTC and Pfizer form small-molecule pact | Chemical & Engineering News
Volume 85 Issue 3 | p. 33 | Concentrates
Issue Date: January 15, 2007

PTC and Pfizer form small-molecule pact

Department: Business

PTC Therapeutics has formed a research collaboration and licensing agreement with Pfizer centered on PTC's gene expression modulation by small molecules (GEMS) technology. Pfizer has paid $10 million to PTC and will purchase a $10 million stake in the biopharma company. The collaboration could include 10 drugs, each of which could earn PTC up to $121 million in milestone payments.

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