Addex Therapeutics announced that it has granted an option to license its metabotropic glutamate receptor subtype 3 (“mGlu3 receptor”) program to Pierre Fabre Pharmaceuticals, a laboratory with a proven track-record in discovering, developing and marketing products in the field of Central Nervous System (CNS)…
Using its proprietary allosteric modulator discovery platform, Addex has been able to identify unique mGlu3 receptor positive and negative allosteric modulators. These compounds, although still at an early stage, represent excellent starting points for chemical optimisation, and have a great potential to become first-in-class molecules useful for the treatment of CNS disorders involving an imbalance in mGlu3 receptor signalling. Under the terms of the agreement, Pierre Fabre will conduct chemistry, pharmacology and ADME*, while Addex will support the project with its proprietary in vitro pharmacological assay platform. Financial terms of the agreement have not been disclosed.
Source: Addex Therapeutics