According to Reuters, a new partnership between AstraZeneca and Pieris may push new inhaled asthma treatments through the pipeline.
Pieris will get upfront and near-term milestone payments of $57.5 million and up to $2.1 billion if the experimental drugs go on to become commercially successful.
Pieris will be responsible for advancing its preclinical lead candidate, PRS-060, into initial Phase I clinical trials in 2017, the two companies said.
Read more at www.reuters.com
