SandboxAQ and MapLight Enter Strategic Collaboration with Potential Payments Up to $200M
SandboxAQ and MapLight Therapeutics announced that the companies have entered into a strategic collaboration to discover and develop potential first-in-class therapies targeting a novel G protein-coupled receptor, GPCR, for the treatment of central nervous system, CNS, disorders. Under the terms of the agreement, SandboxAQ received an upfront payment and will be eligible to receive additional preclinical, development, regulatory, and commercial milestone payments of up to $200M in aggregate. The companies will jointly conduct preclinical research activities and MapLight will have exclusive rights for potential clinical development and commercialization of collaboration compounds. "We are excited to advance research efforts for this novel target that was identified and validated using our discovery platform," said James Lillie, Chief Scientific Officer at MapLight. "We look forward to collaborating with SandboxAQ to leverage their AI platform to discover and advance novel therapies that have the potential to address significant unmet patient needs across a spectrum of CNS conditions."
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Aktis Oncology Launches $200 Million IPO with $100 Million Investment from Eli Lilly
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