13 January 2023 | News
Schrödinger will be responsible for drug design through lead optimisation and Otsuka will be responsible for all other drug discovery and clinical development activities
Image credit: Otsuka
Japanese firm Otsuka Pharmaceutical has announced that the company and its UK-based subsidiary Astex Pharmaceuticals are to pursue collaborative drug discovery research in the area of central nervous system (CNS) diseases with Schrödinger, Inc. This research will leverage Schrödinger's leading physics-based computational platform at scale with Otsuka and Astex's extensive knowledge and expertise in structural biology, inclusive of the field of central nervous system diseases.
Under the terms of the agreement, Schrödinger will be responsible for drug design through lead optimisation and Otsuka will be responsible for all other drug discovery and clinical development activities, with the aim of rapidly expanding Otsuka's R&D pipeline. Schrödinger will receive an upfront payment and will be eligible to receive discovery, development and regulatory milestones, as well as tiered royalties on net sales of any products emerging from the collaboration in all markets.
Toshiki Sudo, executive director, Research at Otsuka Pharmaceutical and head of the Osaka Research Center for Drug Discovery, commented, "Otsuka continues to take on the challenge of developing innovative products with original ideas and technologies in order to contribute to the health of people around the world. We are committed to solving unmet medical needs through the creation of innovative drugs by combining our drug discovery capabilities and extensive experience in drug discovery with Schrödinger's digital drug discovery technology and our structural analysis technology using cryo-electron microscopes."