Novartis enters drug discovery deal with UK screening specialist Heptares
Basel/Welwyn Garden City – Swiss company Novartis has ensured an option on Heptares Therapeutics Ltd’s StaR™ technology for the generation of novel drug leads against an unspecified GPCR (G-protein-coupled receptor). The option agreement with the Novartis Option Fund includes upfront and potential milestone payments to Heptares totalling up to $200 million plus royalties. Full financial terms have not been disclosed. Novartis Option Fund already invested £7 million in Heptares in February this year. Heptares is deploying its StaR™ technology to generate small molecule drugs against currently difficult or intractable GPCR targets in a number of disease areas.