Brief: Peptidream announces discovery collaboration agreement with Bayer

PeptiDream

20/11/2017 03:22

Nov 19 (Reuters) - Peptidream Inc  4587.T  
    * Peptidream announces discovery collaboration agreement 
with 
bayer 
    * Entered into a multi-target discovery collaboration with 
Germany-based Bayer AG 
    * Under terms , co would receive undisclosed upfront payment 
and 
research funding 
    * Under terms, co is eligible to receive preclinical, 
clinical, 
commercialization milestone payments totaling up to $1.11 
billion 
    * Also eligible to receive royalties on sales of any 
products that 
arise from collaboration 
 
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