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Roche, Atavistik Bio sign drug-discovery deal worth up to $2 billion (updated)

UPDATE 1-Roche, Atavistik Bio sign drug-discovery deal worth up to $2 billion

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By Kunal Das

- Atavistik Bio said on Thursday it has signed a deal with Swiss drugmaker Roche ROPC.S potentially worth nearly $2 billion, including milestone payments, to develop oral treatments for cardiovascular, kidney and metabolic diseases.


Here are some details:

  • As part of the agreement, drug developer Atavistik will receive $70 million upfront and could get up to $1.9 billion in research, development and commercial milestone payments, plus royalties on sales of approved drugs, the privately held drug developer said.

  • The partnership covers multiple drug targets and will use Atavistik's proprietary technology to find hidden pockets on disease-causing proteins, potentially allowing drugs to be developed against targets conventional methods have struggled to reach with fewer unintended effects.

  • Atavistik's ability to work on complex targets made the technology a good fit for Roche's drug-research unit, while potential treatments from the partnership could be used alone or alongside existing therapies to improve patient outcomes, Roche told Reuters.

  • Atavistik will lead early discovery and research, while Roche will handle further lab and human testing, regulatory filings and commercialization, Atavistik said.

  • Atavistik will continue to develop its own treatments for rare blood disorders, including for hereditary hemorrhagic telangiectasia, which causes malformed blood vessels.

  • The companies did not disclose the number of targets covered by the partnership or provide development timelines.


(Reporting by Kunal Das in Bengaluru; Editing by Pooja Desai)

((Kunal.Das2@thomsonreuters.com;))

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