GSK Partners with Vesalius Therapeutics for Parkinson's and Neurodegenerative Drug Discovery with $80 Million Deal

NoahAI News ·
GSK Partners with Vesalius Therapeutics for Parkinson's and Neurodegenerative Drug Discovery with $80 Million Deal

GlaxoSmithKline (GSK) has formed a strategic partnership with Vesalius Therapeutics, a cutting-edge biotech firm by Flagship Pioneering, to advance the discovery of drugs specifically targeting neurodegenerative diseases, including Parkinson's disease. In this collaboration, GSK will provide Vesalius with $80 million in upfront and equity payments granting GSK the rights and responsibilities for the development and commercialization of Vesalius's preclinical small molecule targeting Parkinson's disease, with provisions for further programs in an additional unspecified neurodegenerative condition[1][2]. Vesalius, renowned for its innovative platform which leverages large-scale human genetics and AI, aims to earn substantial milestone payments up to $570 million as well as royalties, contingent on the success of the drug development process[2]. Established in 2019 and having faced a significant workforce reduction in 2022, Vesalius is poised to expand its influence in the domain of neurodegenerative diseases, signifying a robust commitment to uncovering therapeutics for genetically distinct disorders[1].