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Insilico Out-Licenses Global Rights for USP1 Inhibitor to Exelixis for $80 Million Upfront

publication date: Sep 13, 2023

Insilico Medicine, a Hong Kong-New York AI drug discovery company, out-licensed global rights to a small molecule inhibitor of USP1 for BRCA-mutated tumors to Exelixis of Alameda, California. Exelixis will pay $80 million upfront plus unspecified milestones and royalties. USP1 repairs DNA damage by removing ubiquitin from multiple substrates. Exelixis will also have rights to other Insilico-discovered USP1 candidates. Founded in 2018, Insilico has partnered with US and China biopharmas to discover candidates for specific targets, including a six-drug deal worth up to $1.2 billion with Sanofi. More details....

Stock Symbol: (NSDQ: EXEL)

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