Japan's Ono Pharmaceuticals has licensed the Japanese rights to CeNeS' short active sedative CNS-7056 for an undisclosed amount of money and milestones. CeNeS has touted the drug's performance in preclinical studies, noting its swift action and the swift disappearance of sedation after dosing. The UK's CeNeS recently announced a 6 million pound private placement to pay for late-stage studies of its painkiller M6G, which is designed to replace morphine. That deal was touted as a move to better position CeNeS for new acquisitions and new licensing pacts like the one announced today.
- here's the release on the licensing agreement
- check out this background on CeNes
Locus and Ono ink drug discovery pact. Report
Ono halts US trials on acute stroke drug. Report