AbbVie has bought an exclusive option to acquire Mitokinin once the UCSF spinout completes IND-enabling studies for its Parkinson’s treatment.
Mitokinin, a US-based developer of treatments for neurodegenerative diseases based on research at University of California, San Francisco, sold an exclusive buyout option to pharmaceutical firm AbbVie on Tuesday.
AbbVie has made an upfront payment, though financial terms were not disclosed. It will have the right to acquire Mitokinin once the spinout has completed investigational new drug-enabling studies for its lead asset, a potential therapy for Parkinson’s disease.
The two companies have also negotiated a collaborative research plan…
