MJFF invests $5 million in Vandy-BMS Parkinson’s collaboration

Research targets the neurotransmitter glutamate
| 3 min read
NASHVILLE, Tenn.—A $5 millioninvestment from the Michael J. Fox Foundation (MJFF) has helpedlaunch a major collaboration between the Vanderbilt Center forNeuroscience Drug Discovery (VCNDD) and global biopharmaceuticalcompany Bristol-Myers Squibb Co. (BMS) that aims to develop afirst-in-class symptomatic treatment for Parkinson's disease.
Under the terms of the agreement,announced Sept. 21, Vanderbilt University will receive an upfrontpayment and three-year research funding to continue to discoveradditional compounds, while BMS will have the right to develop andcommercialize products resulting from the collaborative researchprogram. Vanderbilt is also eligible to receive milestones androyalties based on developmental success and worldwide sales of thedrugs emerging from the collaboration.
If all milestones are met, theVanderbilt team, led by VCNDD Director P. Jeffrey Conn, is hopefulthat an experimental drug could enter clinical testing as soon as2013.
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