US$1.7 billion SciNeuro-Novartis deal offers hope for 55 million Alzheimer’s patients

A partnership between China’s SciNeuro Pharmaceuticals and Swiss pharmaceutical giant Novartis on Monday has revived hopes for treating Alzheimer’s disease, which affects some 55 million people worldwide and could cost the global economy US$2.8 trillion by 2030. 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...