April 4, 2018 / 12:15 PM / 17 days ago

BRIEF-Q-State Biosciences Says Entered Strategic Collaboration With Vertex Pharmaceuticals

April 4 (Reuters) - Vertex Pharmaceuticals Inc:

* CO’S NOVEL OPTOPATCH PLATFORM

* PER TERMS OF DEAL, CO TO RECEIVE UPFRONT & RESEARCH SUPPORT, ELIGIBLE TO RECEIVE RESEARCH, DEVELOPMENT & SALES MILESTONES

* STATE WILL ALSO RECEIVE ROYALTIES ON DRUG SALES

* CO, VERTEX PHARMACEUTICALS WILL COLLABORATE FOR AT LEAST TWO YEARS

* VERTEX IS RESPONSIBLE FOR ALL DEVELOPMENT AND COMMERCIALIZATION ACTIVITIES RESULTING FROM COLLABORATION Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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