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Roche and X-Chem in drug discovery collaboration and license agreement
August 2010
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WALTHAM, Mass.Roche and X-Chem Inc. have signed a multi-year collaborative agreement to apply X-Chem's proprietary platform to the discovery of drug candidates against several of Roche's high-value therapeutic targets. As part of the agreement, Roche will provide X-Chem with upfront and research payments, success-based discovery milestones and technology access fees. Roche will have the right to develop and commercialize any product arising from the collaboration, and X-Chem will receive development milestones and royalties based on worldwide sales of the therapeutic products developed by Roche. Specific financial details were not disclosed.


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