BridGene Biosciences Expands Strategic Collaboration with Galapagos to Develop Selective Oral SMARCA2 PROTAC in Precision Oncology
BridGene Biosciences, Inc., a leader in the discovery of small molecule drugs for traditionally “hard-to-drug” targets, today announced an expansion to its strategic collaboration and licensing agreement with Galapagos NV. This new collaboration builds upon the partnership initiated in January 2024, focusing on the discovery of a highly selective oral SMARCA2 small molecule proteolysis targeting chimera (PROTAC).
Under the expanded agreement, BridGene will leverage its PROTAC discovery engine in combination with Galapagos’ expertise in selective ATPase small molecules. The collaboration aims to advance the molecule into a preclinical candidate, with Galapagos holding exclusive rights for further development and commercialization. Galapagos will provide BridGene with upfront and preclinical milestone payments, alongside additional payments based on clinical and commercial milestones, potentially bringing the total deal value to $159 million. BridGene is also eligible to receive tiered royalties on net sales of each product resulting from the collaboration.
This expanded collaboration highlights the validation of BridGene’s innovative approach through strategic partnerships, emphasizing the importance of these alliances to advance drug development efforts. Both BridGene and Galapagos are committed to improving patient outcomes by developing potential best-in-class precision medicines that tackle challenging targets in cancer, with a strong focus on addressing high unmet medical needs through targeted protein degradation technology.
About BridGene Biosciences
BridGene is a biotechnology company focused on discovering and developing innovative small molecules that drug traditionally undruggable targets, providing new paths to treat diseases. By using its proprietary chemoproteomic platform, IMTAC™, BridGene can screen small molecules against all proteins in live cells to discover drug candidates for high-value and previously undruggable targets. BridGene is advancing a diversified pipeline of first-in-class drugs for targets in multiple disease areas.
About Galapagos
Galapagos is a biotechnology company with operations in Europe and the U.S. dedicated to developing transformational medicines for more years of life and quality of life. Focusing on high unmet medical needs, Galapagos synergizes compelling science, technology, and collaborative approaches to create a deep pipeline of best-in-class small molecules, cell therapies, and biologics in oncology and immunology. With capabilities from lab to patient, including a decentralized cell therapy manufacturing network, Galapagos is committed to challenging the status quo and delivering results for patients, employees, and shareholders.
August 7, 2024
