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Odyssey Thera, Inc.

Odyssey Thera Receives Milestone Payments in Pfizer Collaboration

Published in Law and Health Weekly, December 29th, 2007

Odyssey Thera, Inc. announced the achievement of two milestones under the collaboration with Pfizer, Inc. triggering undisclosed milestone payments.

Odyssey Thera entered into the current broad collaborative agreement with Pfizer in September 2006, following the successful completion of two prior collaborations. Under the terms of the multi-year agreement, Pfizer made an up-front payment and agreed to provide research and capital expenditure funding, and to make milestone payments upon the achievement of certain milestones. The first milestone payment stemmed from the creation, in less than one year, of a large panel of high content assays to further enhance Odyssey's...

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