- Terran to advance the development of two of Sanofi's Phase 3 CNS therapeutics
- Transaction includes worldwide exclusive rights for development and commercialization in all fields of use
These therapeutics generated 4 Investigational New Drug (IND) applications and over 104 clinical studies involving more than 15,000 subjects across a number of CNS indications.
Terran plans to quickly advance the development of these assets for neurological and psychiatric indications, which include several novel applications where there is a large unmet medical need. This transaction represents the key next stage in the development of these promising assets.
The deal included an upfront payment as well as typical success-based milestones and royalties. Specific financial terms of the deal were not disclosed.
"We are grateful to the Sanofi team for entrusting us to continue the development of these late-stage therapeutics, which we believe have the potential to transform the paradigm in neuropsychiatry," stated Dr. Sam Clark, Terran's Founder and CEO.
About Terran Biosciences, Inc.Terran is a biotech platform company developing a portfolio of therapeutics and technologies for patients with neurological and psychiatric diseases. Backed by a number of life-science and tech investors, Terran has built a CNS-focused, tech-enabled drug development platform, and is rapidly advancing of number of late-stage assets, which include novel psychedelic-based therapeutics.
Terran Contact
Investor Relations: ir@terranbiosciences.com
Media: info@terranbiosciences.com
