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August 01, 2015 3:15 PM ET

Pharmaceuticals

Company Overview of Modern Biosciences plc

Company Overview

Modern Biosciences plc is a virtual drug development company. The company engages in the in-licensing, project development, and commercialization of its products. It in-licenses late-stage discovery projects from academia and spin out companies. The company is based in London, the United Kingdom.

60 Cannon Street

London,  EC4N 6JP

United Kingdom

Phone:

44 20 7002 1031

Fax:

44 20 7002 1137

Key Executives for Modern Biosciences plc

Chief Executive Officer and Executive Director
Age: 46
Chief Scientific Officer and Executive Director
Compensation as of Fiscal Year 2015.

Modern Biosciences plc Key Developments

Modern Biosciences plc Enters into R&D Alliance and Global Option and Licence Agreement with Janssen Biotech, Inc

IP Group plc announced that Modern Biosciences plc has entered into an R&D alliance and global option and licence agreement with Janssen Biotech, Inc. (Janssen) in relation to MBS' novel bone-protective compounds for the treatment of rheumatoid arthritis (RA). The goal of the collaboration, facilitated by the Johnson & Johnson Innovation Centre in London, is to develop new drugs for the treatment of RA. Under the terms of the exclusive agreement, Modern Biosciences will receive an up-front payment and is eligible to receive development, regulatory and commercialisation milestone payments up to a potential total of £176 million. In addition, MBS will receive royalties on future sales of any products that may result from the alliance upon successful launch and commercialisation.

Modern Biosciences plc Enters into R&D Alliance and Global Option and Licence Agreement with Janssen Biotech, Inc

IP Group plc noted that Modern Biosciences plc has entered into an R&D alliance and global option and licence agreement with Janssen Biotech Inc. in relation to MBS' novel bone-protective compounds for the treatment of rheumatoid arthritis. The goal of the collaboration, facilitated by the Johnson & Johnson Innovation Centre in London, is to develop new drugs for the treatment of RA. Under the terms of the exclusive agreement, Modern Biosciences will receive an up-front payment and is eligible to receive development, regulatory and commercialisation milestone payments up to a potential total of £176 million. In addition, MBS will receive royalties on future sales of any products that may result from the alliance upon successful launch and commercialisation.

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