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Prothena, Roche Initiate Development Pact

Triggers $30 million upfront payment from Roche

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By: Kristin Brooks

Managing Editor, Contract Pharma

Prothena Corp., under its license, development, and commercialization agreement with Roche, will receive the $30 million upfront payment from Roche, triggered by the expiration of the Hart-Scott-Rodino waiting period. The companies entered the worldwide collaboration in December 2013 to develop and commercialize antibodies that target α-synuclein, including PRX002, Prothena’s monoclonal antibody for the treatment of Parkinson’s disease, which is currently in preclinical development a...

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