Mestag Therapeutics Licenses Novel Inflammatory Disease Target to Johnson & Johnson

Deal News | Dec 09, 2024 | SV Health Investors, LLC

Cambridge-based Mestag Therapeutics, a pioneering biotech firm focused on fibroblast-immune interactions, has announced that a novel target from its RAFT (Reversing Activated Fibroblast Technology) platform has been exclusively licensed by Johnson & Johnson. This deal follows a multi-year target discovery collaboration that commenced in 2021. The licensed target, whose specifics remain undisclosed, underscores the capabilities of Mestag's RAFT platform in identifying key drivers of inflammatory diseases through sophisticated genetic screening techniques. Under the terms of the agreement, Johnson & Johnson will be responsible for the development and commercialization of therapeutics directed at the licensed target, while Mestag stands to gain future milestone payments. Founded by leading researchers from prestigious institutions, Mestag is backed by SV Health Investors and other major venture capital entities. Mestag continues to expand its therapeutic pipeline across oncology and inflammatory disease domains, thereby pushing the frontier in fibroblast-immune biology.

Sectors

  • Biotechnology
  • Pharmaceutical
  • Healthcare

Geography

  • United Kingdom – Mestag Therapeutics is headquartered in Cambridge, UK, and their operations are based there.
  • United States – Johnson & Johnson, a US pharmaceutical giant, collaborates with Mestag Therapeutics, making the US a relevant geography.

Industry

  • Biotechnology – Mestag Therapeutics operates in biotechnology, focusing on novel therapeutic discoveries for inflammation and cancer through fibroblast-immune interactions.
  • Pharmaceutical – Johnson & Johnson's involvement in licensing a new target for drug development places the transaction within the pharmaceutical industry.
  • Healthcare – The ultimate aim of developing therapeutics for inflammatory diseases and cancer connects both companies to the broader healthcare sector.

Financials

  • Undisclosed – Exact financial terms of the licensing deal between Mestag Therapeutics and Johnson & Johnson have not been disclosed, but future payments are involved.

Participants

NameRoleTypeDescription
Mestag TherapeuticsTarget CompanyCompanyA biotech firm focusing on fibroblast-immune interactions to develop treatments for inflammatory diseases and cancer.
Johnson & Johnson (Janssen Biotech, Inc.)Bidding Company, Licensing PartnerCompanyA multinational corporation in the pharmaceutical industry, licensing a target from Mestag for drug development.
SV Health Investors, LLCInvestorCompanyA life science investment company backing Mestag Therapeutics.
Alexandra SantosInvestor Relations ContactPersonHandles investor communications for Mestag Therapeutics.
Susan Hill, PhDCEOPersonChief Executive Officer at Mestag Therapeutics.