Raptor signs collaboration and licensing agreement with Roche

Wed. June 10, 2009; Posted: 01:07 PM

Jun 10, 2009 (Datamonitor via COMTEX) -- RPTP | Quote | Chart | News | PowerRating -- Raptor Pharmaceuticals, a biotechnology company, has signed a collaboration and licensing agreement with Roche to evaluate therapeutic delivery across the blood-brain barrier or BBB, starting with Raptor's proprietary NeuroTrans BBB transporter platform.

Under terms of the agreement, Roche will fund studies of select molecules attached to Raptor's proprietary NeuroTrans, a derivative of the receptor-associated protein (RAP). The agreement provides Roche with an exclusive worldwide license to NeuroTrans for use in the delivery of diagnostic and therapeutic molecules across the blood-brain barrier (BBB).

Scientists at Raptor and Roche will actively collaborate on the project. Raptor will receive an initial upfront fee for the collaboration to cover its portion of the initial studies, along with development milestone payments and royalties in exchange for the licensing of NeuroTrans.

Todd Zankel, chief scientific officer and co-founder of Raptor, said: "We are excited to be collaborating with Roche. We believe that by combining our knowledge of the work done in the area of BBB transport and the resources of Roche, our collaboration is well positioned to make significant progress in a critical and challenging area in medical research."

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