Pfizer, Wave Collaborate on Nucleic Acid Therapies

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Wave Life Sciences has entered into a research, license and option agreement with Pfizer to investigate developing nucleic acid therapies aimed at silencing the underlying causes of debilitating metabolic diseases. “The collaboration will focus on genetically defined targets and bring together Wave’s proprietary stereopure drug development platform, across antisense and RNAi modalities, along with GalNAc and Pfizer’s hepatic targeting technology for enhanced delivery to the liver,” the companies say.

Under the agreement, Wave will advance up to five programs from discovery through to the selection of clinical candidates, at which point Pfizer may elect to exclusively license the programs and undertake further development and potential commercialization. One target program has already been selected — Wave’s Apolipoprotein C-III program. In addition, Wave has received rights to Pfizer's hepatic targeting technology, which Wave may elect to use for hepatic programs beyond the collaboration. Should Wave use this technology, Pfizer is eligible to receive potential development and commercial milestone payments.

“Wave’s platform enables the design and development of stereopure nucleic acid therapeutics, which are optimized across multiple dimensions of pharmacology, including efficacy, stability, specificity and safety,” they say. “Wave’s platform offers the flexibility to design therapeutics across multiple modalities, including antisense, RNAi and exon-skipping.”

Additionally, the agreement has Pfizer paying $40 million upfront. Also, assuming five potential products are successfully developed and commercialized, Wave may earn up to $871 million in potential research, development and commercial milestone payments from Pfizer.

 

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