Astellas Taps Proteostasis In Potential $1.2bn Alliance

Assuming all milestones are met and options exercised, a new deal with Japan's Astellas will provide a bonanza for Proteostasis, being worth potentially more than $1.2 billion to the privately held U.S. drug discovery venture.

Boston-based Proteostasis Therapeutics Inc. and Astellas Pharma Inc. will initially work together to discover, screen and conduct preclinical research on drugs that modulate unfolded protein response (UPR). The primary focus will be on one (unidentified) genetic disease, but the partners will also look at other possible indications that are linked to modulation of UPR pathways.

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