Sanofi Strikes $700M Deal with Belharra To Fight Immunological Diseases
Belharra partners with Sanofi to advance small molecule treatments for immunological disorders, with potential $700M deal.
Breaking News
Jun 20, 2024
Mrudula Kulkarni
Belharra Therapeutics has unveiled a new strategic alliance
with Sanofi, a leading global entity, aimed at advancing the creation of small
molecule treatments for immunological disorders. As part of the deal, the San
Diego-based innovative chemoproteomics firm will be granted an initial payment
of $40 million.
Furthermore, according to the press release dated 18th June,
the company has the potential to receive payments totaling $700 million for
research, development, achieving commercial milestones, and royalties in the
long run. Belharra, known for its expertise in developing non-covalent small
molecules by identifying binding pockets on the proteome, will utilize its
exclusive screening platform to confirm several undisclosed targets selected by
Sanofi.
At that stage, Sanofi will assume control and begin the
following stages of preclinical, clinical, and commercial activities for its
selected candidates. John Bertin, Global Head of Immunology and Inflammation
Research at Sanofi, highlighted the focus on exploring targets that were
previously considered difficult to target in a statement regarding the
agreement. Belharra’s unique platform, which is designed to provide validated
insights into challenging protein targets by identifying binding pockets and
protein interactions across different cell types, has also attracted interest
from other pharmaceutical companies.