
Privately-held US genome-scale drug discovery company Orionis Biosciences has announced a second multi-year collaboration with Genentech, a subsidiary of Roche (ROG: SIX), to discover small-molecule monovalent glue medicines for novel and challenging targets in oncology.
Orionis announced its first collaboration with Genentech, to discover novel small-molecule medicines for challenging targets in major disease areas, including oncology and neurodegeneration, in September 2023. At that time, Orionis received an upfront of $47 million and became eligible for development milestones, as well as commercial and net sales milestone payments that could exceed $2 billion and a tiered royalty on the sales of collaboration products.
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