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Prexton Therapeutics’ Parkinson’s Assets First to Emerge from Merck KGAA Restructuring

Prexton Therapeutics will be headquartered at the Eclosion incubator facility in Geneva and will advance mGluR compounds for Parkinson’s from the Merck Serono portfolio.

Merck KGAA announced July 30 that it will spin out Prexton Therapeutics, a biotech that will focus on Parkinson’s disease and advance prior work by the pharma in developing drugs that target the metabotropic glutamate receptors mGluR3 and mGluR4. The move follows Merck’s February announcement disclosing a company-wide cost-reduction program.

Prexton will begin life largely with a virtual model and a headcount between five and 10 people, said founder and CEO Francois Conquet, an outgoing Merck Serono SA employee....

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