e-therapeutics: First commercial deal secured with global diabetes leader
The Type 2 diabetes research collaboration with Novo Nordisk provides important validation for e-therapeutics and its proprietary Network-Driven Drug Discovery (NDD) platform. It is the first commercial deal to arise from the extensive business development efforts, and its significance extends beyond the undisclosed deal economics. It marks the first exploitation of the NDD platform in metabolic disease, with the world leader in diabetes, providing valuable external endorsement and de-risking of the platform. It may also catalyse further near-term deals with large pharma players; multiple discussions are known to be underway with various potential partners, across a spectrum of disease areas. Our valuation is £57.8m or 21.9p/share.E-Therapeutics is a drug discovery company with a proprietary in silico discovery platform based on the application of network science to the modelling and analysis of cellular processes and utilizing public and proprietary chemical biology and multi-omics data. The therapeutic focus of Co.'s discovery activity is in areas of disease with unmet medical need, including immuno-oncology.
Novo-Nordisk is a global healthcare company engaged in the innovation of diabetes care. Co. also provides haemophilia care, growth hormone therapy and hormone replacement therapy. The Diabetes care business segment includes research, development, manufacturing and marketing of products within the areas of insulin, GLP-1 and related delivery systems, oral antidiabetic products (OAD) and obesity. The Biopharmaceuticals business segment includes research, development, manufacturing and marketing of products within the areas of haemophilia, growth hormone therapy, hormone replacement therapy, inflammation therapy and other therapy areas.
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