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Shionogi Options Two Hearing Loss Therapies in Deal Worth 415 Million Euros

publication date: Jun 12, 2024

Shionogi, an Osaka innovative pharma, has signed an option agreement with Cilcare of Montpellier, France to in-license two drug candidates aimed at hearing loss in a deal worth up to 415 million Euros. Shionogi optioned rights for two candidates targeting cochlear synaptopathy, including one that is poised to start a Phase II trial. In preclinical tests, CIL001 showed efficacy, restoring full activity of the auditory nerve and repairing the synapses. Shionogi will make an upfront payment of Euros 15 million and, if it exercises the option, be responsible for milestones of Euros 400 million, plus royalties. More details....

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