Genentech Gain Rights to Acquire Forma Therapeutics’ Preclinical Cancer Programme in Innovative Deal
Heather Cartwright
Abstract
Roche’s Genentech has entered into a novel collaboration with Forma Therapeutics. Under the terms of the agreement, Genentech will receive exclusive worldwide rights to acquire a preclinical cancer programme from Forma at a defined future phase of development. In return, Forma will receive an undisclosed upfront payment, research funding and potential development milestone payments. If Genentech exercises its option, Forma will receive a significant buyout payment, thus providing a relatively early return for its investors.
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