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Sanofi And Dice Molecules Announce Research Collaboration To Discover Potential Therapeutics Based On Unique Small Molecule Discovery Platform

The following excerpt is from the company's SEC filing.

- Five-year collaboration encompasses up to 12 targets and provides up to $184 million in milestone payments per target

Paris, France and San Francisco - March 16, 2016 -


DiCE Molecules

, a newly-launched, privately held company developing a next generation approach to small molecule drug discovery, today announced a five-year global collaboration to discover potential new therapeutics for up to 12 targets that encompass all disease areas of strategic interest to Sanofi. The collaboration builds upon DiCEs unique technology platform, which leverages directed evolution to sele ct and optimize low molecular weight compounds against any target. The platforms capabilities include the potential to unlock protein-protein interfaces that were previously unreachable for oral therapies.

The collaboration is a part of

Sanofis Sunrise

Initiative, a strategic partnership model that seeks to invest in early stage transformative opportunities that align with Sanofis expert development and commercialization abilities. A joint steering committee comprised of Sanofi and DiCE representatives will oversee the initiative.

In the past, targeting protein-protein interfaces with small molecules was not thought possible in a generalizable fashion, especially in the development of orally bioavailable drugs,

said Kevin Judice, President and Chief Executive Officer of DiCE.

Our platform is uniquely positioned to overcome these historical challenges and this partnership with Sanofi reinforces the potential of our technology. DiCEs self-financing business model and distinctive partnership approach will allow us to focus solely on advancing our development programs. We are delighted to be collaborating with Sanofi and its innovation-focused team within the Sunrise Initiative.

Collaboration Overview

The partnership between Sanofi and DiCE represents a unique R&D commitment to small molecule discovery. DiCEs directed chemical evolution platform is anticipated to shorten drug development timelines through the rapid and efficient discovery of a greater breadth of molecules for each target in the collaboration.

The collaboration encompasses up to 12 discrete targets over the five-year period and provides funding in excess of $50 million in equity, upfront, target exclusivity, technology access fees, and research services, along with up to $184 million in research, clinical and regulatory milestone payments per target, and royalty payments based on any future annual net sales of each compound developed by Sanofi.

We are pleased to initiate this collaboration with DiCE and its unique technology platform, which brings the power of selection and enrichment to small molecule discovery,