tiprankstipranks
Pfizer and Clear Creek Bio partnering on COVID-19 oral antiviral research
The Fly

Pfizer and Clear Creek Bio partnering on COVID-19 oral antiviral research

Pfizer and Clear Creek Bio announced a research collaboration and exclusive license agreement to advance the discovery and development of potential inhibitors of the SARS-CoV-2 papain-like protease – PLpro – for the oral treatment of COVID-19. PLpro is an essential enzyme, which, along with the main protease – Mpro -, plays an important role in viral replication. This program will expand Pfizer’s anti-infective pipeline and, if successful, will complement Pfizer’s existing portfolio of COVID-19 products with direct-acting antiviral agents against different SARS-CoV-2 targets. Under the terms of the agreement, the two companies will work together to identify a PLpro candidate to progress into the clinic, at which time Pfizer will be solely responsible for further development and commercialization activities. Clear Creek Bio will receive an undisclosed upfront payment and will be eligible to receive additional potential milestone payments plus royalties on future product sales.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on PFE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles