Prosetta Antiviral Inc. said Tuesday that it has executed a strategic alliance with Bristol-Myers Squibb Co. (BMY) to further discover and develop select drug candidates representing new, novel classes of antiviral drugs.
Prosetta currently has a portfolio comprising novel chemical classes of small molecules with robust antiviral activity which target catalytic host protein interactions essential for the virus, but not the host. These molecules represent a new therapeutic approach for antiviral agents.
The collaboration will include a research program focused on the discovery and advancement of compounds shown to block viral capsid assembly using Prosetta's proprietary drug discovery platform.
Bristol-Myers Squibb will have the right to develop and commercialize products arising from the research program.
Prosetta said it will receive an upfront payment and multi-year research funding. Prosetta is eligible to receive milestone payments and royalties based on worldwide sales of the drugs emerging from the collaboration.
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by RTT Staff Writer
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