KANAGAWA, Japan--(BUSINESS WIRE)-- PeptiDream Inc., a public Kanagawa-based biopharmaceutical company (“PeptiDream”)(TOKYO:4587) announced today a new Peptide Drug Conjugate “PDC” collaboration agreement with Swiss-based Novartis (“Novartis”). Under the agreement, PeptiDream will use its proprietary Peptide Discovery Platform System (PDPS) technology for the identification of novel macrocyclic/constrained peptides for use as PDCs against multiple targets of interest selected by Novartis. Novartis will have exclusive rights to the program peptides for radionuclide payloads/conjugates and certai...
Sales comment: While Peptidream is understandably fashionable and has momentum, PSA’s top pick in this space is Sosei (4565) whose stock price is currently languishing (YTD the shares are down 17%). However, we would continue to recommend playing the group through a basket of stocks that includes these two, the drug conjugate maker Nanocarrier (4571), and the stem cell firm Cellseed (7776). On the surface, PeptiDream’s deal with Johnson & Johnson’s (J&J, JNJ US) Janssen unit looks no different ...
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