Vernalis and Servier Sign Third Oncology Collaboration

17 January 2012

LSE: VER

Vernalis plc, Winnersh, UK and Servier, Suresnes, France - January 17, 2012 announce they have entered into a new three-year joint oncology collaboration focused on the discovery of drugs for a new undisclosed target.

The collaboration will utilise Vernalis’ proprietary fragment and structure-based drug discovery platform and Vernalis will receive fees and a share in the future success of the product in the form of milestones and royalties on sales.  Financial terms of the collaboration are not disclosed.  This is the third collaboration between Vernalis and Servier on undisclosed oncology targets.

Ian Garland, CEO of Vernalis commented “This third collaboration with Servier is yet another endorsement of the strength of our fragment and structure-based drug discovery platforms.  We look forward to another successful collaboration and to continuing the excellent relationship we have developed with Servier over the last four years.

Vernalis technologies, capabilities and products have been endorsed by discreet collaborations with Biogen Idec, Endo, Genentech, GSK, Lundbeck, Menarini, Novartis and Servier”.

Bernard Marchand, PhD, Head of Servier Research, added: “We are delighted to expand again our collaboration with Vernalis. One of Servier's strategic objectives is to accelerate our discovery process for innovative therapies in cancer, and Vernalis technology and scientists are offering a very valuable complement to our internal activities.”

-- ends --

Enquiries:

Vernalis Contacts

 

 

Ian Garland, Chief Executive Officer

+44 (0) 118 989 9360

David Mackney, Chief Financial Officer

 

 

Brunswick Group

 

 

Jon Coles

+44 (0) 20 7404 5959

Kristin Shine

 

 

Taylor Rafferty

 

 

Rob Newman

+44 (0) 20 7614 2900

Faisal Kanth

 

 

 

Servier:

 

 

Les Laboratoires Servier

 

Servier Communication Department

+33 (0)1 55 72 60 37

 

E-mail: presse@servier.fr

Notes to Editors

About Servier

Servier is a privately-run French research-based pharmaceutical company with a 2011 turnover of €3.9 billion. Servier invests 25% of its turnover in R&D.  Current therapeutic domains for Servier medicines are cardiovascular, metabolic, neurological, psychiatric and bone and joint diseases as well as oncology.  Servier is established in 140 countries worldwide with over 20,000 employees.  More info at: www.Servier.com

About Vernalis

Vernalis is a revenue generating development stage pharmaceutical company with significant expertise in drug development.  The Group has one marketed product, frovatriptan for the acute treatment of migraine, and eight candidates in development, seven of which are designated priority programmes.  Four of these priority development programmes are currently unpartnered and three are partnered. Pipeline programmes are derived from both our own research activities where we have significant expertise in fragment and structure based drug discovery, as well as from collaborations.  Our technologies, capabilities and products are endorsed by collaborations with Endo, Genentech, GSK, Lundbeck, Menarini, Novartis and Servier.


Product

Indication

Pre-Clinical

Phase I

Phase II

Phase III

Marketed

Marketing Rights

PRIORITY PROGRAMMES

CNS Programmes

Frovatriptan

Acute Migraine

 

 

 

 

X

Menarini & Endo Pharma

V158866

Pain

 

X

 

 

 

Worldwide

V81444

Parkinson’s Disease

 

X

 

 

 

Worldwide

 

Oncology Programmes

AUY922

Cancer

 

 

X

 

 

Novartis

CHR2797

Cancer

 

 

X

 

 

Chroma Therapeutics

HSP990

Cancer

 

X

 

 

 

Novartis

V158411

Cancer

X

 

 

 

 

Worldwide

 

Other Therapeutic Areas

V85546

Inflammatory Disease

 

X

 

 

 

Worldwide

 

LEGACY PROGRAMMES

RPL554

Asthma/ Allergic Rhinitis

 

 

X

 

 

Verona Pharma

Vernalis Forward-Looking Statement

This news release may contain forward-looking statements that reflect the Company's current expectations regarding future events including the clinical development and regulatory clearance of the Company's products, the Company's ability to find partners for the development and commercialisation of its products, as well as the Company's future capital raising activities. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the ability of the Company to identify and agree beneficial terms with suitable partners for the commercialisation and/or development of its products, as well as the achievement of expected synergies from such transactions, the acceptance of frovatriptan and other products by consumers and medical professionals, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions.

 

 

Latest News

Results Announcement for the year ended 30 June 2017

Vernalis plc (LSE: VER) today announces its audited financial results for the year ended 30 June 2017, following the year-end trading update published on 18 July 2017.

 

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T: 0118 938 0000
F: 0118 938 0001

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To report SUSPECTED ADVERSE REACTIONS, contact Vernalis Therapeutics, Inc. at 1-855-705-9546 and drugsafety@propharmagroup.com or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch