Novartis, Molecular Partners ink potential $230 million deal for COVID-19 candidates

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Novartis has licensed global rights to two Molecular Partners' antiviral drugs that have potential to treat COVID-19 patients, the two companies said on Wednesday.

antiviral drugs that have potential to treat COVID-19 patients, the two companies said on Wednesday.

First-in-human studies for MP0420 are expected to start in November, Molecular Partners has said, with clinical studies for the second antiviral candidate, MP0423, due to begin in the first half of 2021. Previously, Molecular Partners got a “high single digit millions” of Swiss francs payment from the Swiss government to reserve doses of MP0420.

 

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