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Big pharma, Roche starts a new venture with Inception

Posted on 24 June 2014

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Big pharma, Roche said it will partner with Inception Sciences and Versant Ventures on a new company to develop therapies for patients with multiple sclerosis.

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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