Synthekine is teaming up with Sanofi in a $40 million-plus collaboration to develop IL-10 receptor agonists for autoimmune and inflammatory diseases.
The cytokine-focused biotech will receive the $40 million upfront with the potential for undisclosed additional preclinical, development, regulatory and commercial milestones, as well as tiered royalties on net sales. Sanofi will take over clinical and commercial activities for selected agonists.
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