Roche unit Genentech signs a drug discovery collaboration agreement with start-up RQx...

|About: Roche Holding Ltd (RHHBF)|By:, SA News Editor

Roche unit Genentech signs a drug discovery collaboration agreement with start-up RQx Pharmaceuticals, which is developing a new class of antibiotics. Genentech will pay an undisclosed upfront amount, milestones of up to $111M and then royalties - if things get that good. (PR)