The move is part of the Basel-based firm's efforts to diversify beyond its expertise in cancer by developing treatments for Alzheimer's disease, schizophrenia as well as multiple sclerosis, among other neurodegenerative disorders.
Versant will provide an undisclosed amount of equity financing to the company, while Roche will fund the research based on a series of milestones, the two said in a statement.
Roche has an option to buy the partnership, dubbed Inception 5, should a first lead compound be filed as an investigational new drug (IND).
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