Vernalis plc and Servier enter into a new drug discovery collaboration strengthening their existing partnership

Vernalis plc and Servier are pleased to announce that they reinforce their partnership by entering into a new two-year oncology drug discovery collaboration on an undisclosed target.

This agreement extends the existing successful collaborations between Servier and Vernalis since 2007, to combine Vernalis’ proprietary fragment- and structure-based drug discovery platform with the oncology expertise at Servier. Previous successes include discovery of products targeting Bcl-2 and Mcl-1 currently in clinical development.

Vernalis will receive a €2 million upfront payment, fees, research milestones and a share in the downstream success of any products coming out of this new collaboration.

“This new collaboration further validates our fragment-based drug discovery platform and the strength and success of our relationship with Servier. We look forward to working together to develop exciting new cancer treatment opportunities to add to the already disclosed success in targeting Bcl-2 and Mcl-1”, commented Ian Garland, CEO of Vernalis.

“The original structure of Servier, governed by a non-profit foundation, allows us to enter long-term collaborations with world-class partners like Vernalis, and use our expertise to bring innovative therapies to patients”, added Olivier Geneste, Director of Oncology Research at Servier.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.

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Enquiries:

Vernalis plc: +44 (0) 118 938 0015
Ian Garland, Chief Executive Officer

David Mackney, Chief Financial Officer

Canaccord Genuity Limited (Nominated Adviser and Joint Broker): +44 (0) 20 7523 8000
Henry Fitzgerald-O’Connor

Emma Gabriel

Shore Capital (Joint Broker): +44 (0) 20 7408 4090
Bidhi Bhoma

Toby Gibbs

FTI Consulting: +44 (0) 20 3727 1000
Ben Atwell

Simon Conway

Stephanie Cuthbert

Servier: +33 1 5572 6037
Karine Bousseau

Servier External Communications

Email: media@servier.com

 

2018-12-19T16:48:27+01:00
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