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Business
Molecular Partners, Allergan Form Pacts
by Ann M. Thayer
August 27, 2012
| A version of this story appeared in
Volume 90, Issue 35
Molecular Partners and Allergan have two new agreements to discover and develop products for ophthalmic diseases. Allergan will pay the Swiss biotech firm $62.5 million up front and up to $1.4 billion in milestone payments. Molecular Partners develops small-protein drug candidates it calls DARPins. It will design a dual anti-VEGF-A/PDGF-B DARPin and related candidates for treating exudative age-related macular degeneration. The partners also will collaborate on finding DARPins against other eye-disease targets.
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