May 31, 2005
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Pfizer, Isis to collaborate on antisense drug development
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Isis Pharmaceuticals and Pfizer have entered into a multi-year drug discovery collaboration to identify “second-generation antisense drugs for the treatment of ophthalmic disease,” according to a press release from Isis.
Terms of the agreement call for Pfizer to pay Isis $1 million as a technology access fee. Isis will also receive royalties on the sales of drugs resulting from the collaboration. The agreement calls for Pfizer to be responsible for clinical development and commercialization of the antisense drugs.
Isis’ antisense technology platform allows researchers to “rapidly discover highly selective drugs to almost any gene target,” according to the release.