On December 6, 2011, VistaGen Therapeutics, Inc. (the "Company") entered into a Strategic Medicinal Chemistry Services Agreement with Synterys, Inc. ("Synterys") (the "Agreement"). Under the terms of the Agreement, Syterys, a medicinal chemistry and collaborative drug discovery company, will facilitate the Company's stem cell technology-based drug rescue initiatives with the support of Syterys' medicinal chemistry expertise. In addition to providing flexible, real-time medicinal chemistry services in support of the Company's drug rescue programs, the Agreement anticipates collaborations through which the Company and Synterys will identify novel drug rescue opportunities and drive them through preclinical development. The Agreement provides that the parties will collaborate on specific projects directed by the Company (each, a "Project"), upon terms and conditions set forth in each Project plan.
Under the terms of the Agreement, the Company retains full ownership of any and all compounds or other intellectual property developed under the terms of the Agreement. The Agreement terminates upon completion of each Project approved under the Agreement; however, either party can terminate the Agreement upon three month's prior written notice one year after the date of execution. A copy of the Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1.
On December 7, 2011, the Company issued a press release announcing that it had entered into an Agreement with Synterys, as set forth in Item 1.01. above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1
See Exhibit Index.
VistaGen Therapeutics, Inc. |
By: | /s/ Shawn Singh |
Name: Shawn Singh | |
Title: Chief Executive Officer |
Exhibit No.
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Description
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EX-10.1
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Strategic Medicinal Chemistry Services Agreement, Dec 2011
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EX-99.1
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VistaGen Dec 7 2011 Press Release
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