Skyhawk Therapeutics Expands Collaboration with Merck
May 12 2020 - 8:57AM
Dow Jones News
By Michael Dabaie
Skyhawk Therapeutics Inc. said it expanded its strategic
collaboration with Merck & Co. for small molecules that
modulate RNA splicing.
Skyhawk said its SkySTAR technology platform will be used to
discover and develop innovative RNA-binding small molecules
designed to selectively modify RNA splicing for the potential
treatment of autoimmune and metabolic diseases.
Skyhawk said the Merck collaboration now spans four disease
areas: neurodegeneration, oncology, autoimmunity and metabolic
diseases.
Skyhawk said it will grant Merck the option to exclusively
license intellectual property rights to candidates. Merck will be
responsible for further development and commercialization.
Skyhawk said it will receive an upfront cash payment and
potential milestone payments and royalties on sales of approved
products resulting from the collaboration.
"RNA splicing modification offers a new approach to modulating
targets previously considered undruggable," Dean Y. Li, senior vice
president, Discovery Sciences and Translational Medicine for Merck
Research Laboratories, said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 12, 2020 08:42 ET (12:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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