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Bayer Saddles Up For Bicycle Radioconjugate Pact

Second Big Pharma Partner In Two Months For UK Biotech

 
• By Kevin Grogan

The German major is paying $45m upfront to get access to Bicycle’s synthetic peptides for the discovery and development of multiple targeted radioconjugates in oncology.

Tandem bike
Bayer working in tandem with Bicycle • Source: Shutterstock

Bayer AG has reinforced its position as a leader in the radiopharmaceuticals field by inking a deal with the UK's Bicycle Therapeutics, plc that could be worth up to $1.7bn.

The firms are teaming up to develop bicyclic peptides, ie, a peptide arranged around a small-molecule scaffold in two loops, for multiple oncology targets discovered by Bicycle's proprietary phage platform

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