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Drug Discovery

Novartis puts another $180 million into peptide-drug conjugate deal

by Rowan Walrath
May 4, 2024 | A version of this story appeared in Volume 102, Issue 14
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Novartis is expanding a collaboration with the Japanese biotech firm PeptiDream. The Swiss pharmaceutical company will pay PeptiDream another $180 million up front, with the potential for up to $2.71 billion more in milestone payments, to discover macrocyclic peptides that could be combined with radioligands to make peptide-drug conjugates. The companies did not disclose the medicines’ targets.

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