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Karo Bio AB Extends Research Collaboration with Pfizer Inc


Wednesday, 26 Jun 2013 02:30am EDT 

Karo Bio AB announced the extension of its existing research collaboration with Pfizer Inc on RORgamma modulators to the end of 2014. Pfizer will continue to provide full funding for the research costs. The collaboration that started in December 2011, aims to discover and develop novel small molecule RORgamma modulators for the treatment of autoimmune diseases. Pfizer is responsible for all research costs of the project. Karo Bio is eligible to receive over USD 200 million in milestone payments in addition to any royalty fees. 

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