Under the terms of the agreement, Locus will receive $20 million in initial payments, and is eligible to receive up to a total of $798 million in potential future development and commercial milestone payments, and royalties on any product sales.
Locus is the world leader in CRISPR-engineered phage therapeutics, uniquely leveraging the powerful Type I CRISPR-Cas3 system to specifically degrade the DNA of target bacteria cells, quickly destroying them. This patented DNA-shredding technology precisely and selectively removes unwanted bacteria from the human body while leaving the many other species of good bacteria unaffected (see video description at youtu.be/q88b6bgCZ6c). If proven safe and effective in clinical trials, these products could provide a turning point in the global battle against antibiotic resistant infections and other microbiome dysbiosis-related conditions.
"Our collaboration with Janssen on the development of products to treat deadly infections and potentially other microbiome dysbiosis associated conditions reflects the importance of the crPhage platform and its potential to revolutionize the treatment of disease and extend human life," said Paul Garofolo, CEO of Locus Biosciences. "Our platform is uniquely positioned to selectively eradicate pathogenic bacteria of choice while preserving an otherwise healthy microbiome in patients, and this collaboration with Janssen will enable us to further develop products on the platform to help patients in need around the world."
Locus Biosciences is a biotechnology company whose mission is to protect humanity from the global threat of bacterial diseases. Locus uses its patented CRISPR Cas3-enhanced bacteriophage (crPhage™) platform to develop precision antibacterial products that selectively kill target bacteria while leaving non-targeted beneficial bacteria unharmed. With venture capital funding from ARTIS Ventures, Tencent Holdings, Abstract Ventures and others, Locus is rapidly advancing its lead programs into clinical development for infectious disease and large-market microbiome indications, with the first clinical trials on track to begin in 2019. For more information about Locus visit https://www.locus-bio.com/. Follow us at www.twitter.com/LocusBio and www.linkedin.com/company/locus-biosciences-inc.