Nuevolution announces license agreement with Merck

21 February 2014

Denmark-based Nuevolution has entered an exclusive license agreement with a subsidiary of US pharma giant Merck & Co (NYSE: MRK) for small molecule compounds targeting an undisclosed intracellular target for use as leads in Merck’s drug discovery and development.

Under terms of the agreement, Merck will gain exclusive rights for the further development and commercialization of the compounds. This is the second agreement between Nuevolution and Merck. Nuevolution will receive an undisclosed upfront payment and milestone payments for certain preclinical, clinical and agreed upon commercial milestones. In addition, Nuevolution is eligible to receive royalties on the commercial sales of approved products. Further financial details were not disclosed.

Small molecule drug candidates

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