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HitGen Forms Neurological Drug Discovery Partnership with Biogen

publication date: Nov 21, 2018

HitGen, a Chengdu drug discovery/development company, announced a discovery research collaboration with Biogen. HitGen will search its DNA-encoded library, which now includes 300 billion novel targets, to identify novel small molecule leads for unspecified neurological disorders. Although Biogen, based in Boston, does not have any operations in China, it partnered with HitGen for discovery, underscoring China's importance in global biopharma development. HitGen will receive an upfront payment and be eligible for milestones, while Biogen will own all rights to the molecules. More details....

Stock Symbol: (NSDQ: BIIB)

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