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Pfizer Takes 3% Stake In Sosei On Back Of Heptares GPCR Deal

 
• By Sukaina Virji

Heptares Therapeutics, a Sosei Group subsidiary, has entered a deal to apply its drug discovery technology to 10 G protein-coupled receptor (GPCR) targets selected by Pfizer Inc. across a number therapeutic areas. The deal also sees Pfizer acquiring a 3% equity stake in Sosei.

Heptares Therapeutics, a Sosei Group subsidiary, has entered a deal to apply its drug discovery technology to 10 G protein-coupled receptor (GPCR) targets selected by Pfizer Inc. across a number therapeutic areas. The deal also sees Pfizer acquiring a 3% equity stake in Sosei.

Heptares will receive an undisclosed upfront payment and potentially $189m in milestone payments per target, plus potential royalties on product...

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