Privately-held USA-based Synosia Therapeutics has acquired a license from Syngenta AG of Switzerland to develop a potentially novel treatment for Parkinson's disease, the third pharmaceutical agreement to be announced by Synosia, which started operations at the beginning of this year to develop new treatments for disorders of the central nervous system.
The compound, called SYN-118, is a hydroxyphenylpyruvate dioxygenase (HPPD) inhibitor, and is already approved in the USA and Europe for the treatment of hereditary tyrosinemia type 1, a life-threatening metabolic disorder. The drug is marketed by Swedish Orphan International under the name Orfadin (nitisinone), under license from Syngenta.
Under the terms of the deal, Synosia will assume responsibility for the ongoing clinical development and commercialization of SYN-118 in CNS. Contingent upon progress, Syngenta will receive milestone payments and royalties. Further financial details were not disclosed.
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