ANNOUNCEMENT FOR EUROPEAN MEDICAL & PHARMACEUTICAL TRADE MEDIA AND EUROPEAN FINANCIAL MEDIA ONLY
MSRD, which identifies and supports early-stage opportunities that can change the landscape of treatments for mental illness and renal disorders, will collaborate with IRLAB in the exclusive development of IRLAB’s drug candidate IRL757 through completion of certain clinical studies The collaboration may include studies designed to enable the execution of a safety and efficacy signal finding study in Parkinson’s disease and in Alzheimer’s disease. IRLAB is currently initiating the first-in-man Phase I program with IRL757, funded by
Under the current collaboration, IRLAB is eligible to receive
Further, under the terms of the current collaboration agreement, MSRD has the opportunity to elect to expand the collaboration upon the occurrence of certain triggering events, subject to negotiations of a new agreement. MSRD might also, if the parties do not expand the collaboration, under certain circumstances receive low single-digit percentage royalty payments.
“MSRD is committed to support and identify early stage opportunities that can change the landscape of how we treat mental illness in the future. We are excited to collaborate with
“We are excited about the collaboration with MSRD and Otsuka, who will bring their extensive experience and competence into the development of this innovative treatment of apathy in people living with neurological diseases. We are looking forward to continuing the development of IRL757 together with MSRD and Otsuka through clinical proof of concept”, said
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