China’s SciNeuro, Novartis sign US$1.7 billion licensing deal to develop Alzheimer’s drugs

    China’s SciNeuro, Novartis sign US$1.7 billion licensing deal to develop Alzheimer’s drugs

    A partnership between China’s SciNeuro Pharmaceuticals and Swiss pharmaceutical giant Novartis on Monday has revived hopes for treating Alzheimer’s disease. The deal, worth nearly US$1.7 billion, grants Novartis exclusive worldwide rights to develop and commercialise SciNeuro’s antibody candidates to develop drugs for the progressive brain disease. SciNeuro’s novel amyloid beta targeted antibody programme leverages proprietary…

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    Opinion | Where US jealously guards tech, China offers a collaborative ecosystem

    Opinion | Where US jealously guards tech, China offers a collaborative ecosystem

    Windsurf was a rising artificial intelligence (AI) start-up – until it wasn’t. Days after OpenAI’s US$3 billion acquisition deal collapsed, Windsurf’s founders and top researchers joined Google DeepMind under a non-exclusive licensing agreement. What remained was sold to another company. Windsurf, as an independent innovator, ceased to exist. This is how many AI start-ups today…

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