Benzinga | Sep 14, 2021 09:10AM EDT

Nimble Therapeutics, Incyte Expand Strategic Research Collaboration To 'Discover Additional Novel Peptide Therapeutics;' Terms Not Disclosed

Nimble Therapeutics, a biotechnology company revolutionizing the discovery and development of peptide therapeutics, today announced their strategic research collaboration with Incyte (NASDAQ:INCY) has been expanded to include discovery of additional novel peptide therapies.

"Nimble looks forward to building upon on the already strong collaboration between the Nimble and Incyte scientific teams. The expansion of the collaboration serves as yet another important validation of Nimble's powerful capabilities and approach towards engineering the next generation of peptide therapeutics," said Jigar Patel, CEO and Founder of Nimble Therapeutics.

Under the terms of the agreement, Nimble will receive an upfront payment and reimbursement of certain research program costs and may become eligible for downstream milestone payments and royalties. Incyte has exclusive rights to develop and commercialize any peptides discovered under the collaboration and has an option to further expand the collaboration to include additional targets.