Ono Pharmaceutical has entered into a drug discovery collaboration agreement with MiraBiologics.
Osaka-based Ono is hopeful the deal will lead to the discovery and creation of the next generation of biopharmaceuticals utilizing MiraBiologics’ proprietary LassoGraft Technology, a tool that combines cyclic peptide searching method and protein engineering.
Ono will obtain exclusive rights to develop and commercialize biopharmaceutical drug candidates worldwide generated by MiraBiologics through the collaboration.
Tokyo-based MiraBiologics will be paid undisclosed fees based on research and development progress on a milestone basis, as well as royalties based on sales of the products after launch.
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