Surrozen earns $10M milestone payment in Retinal Diseases collaboration

Surrozen announced that Boehringer Ingelheim will further develop SZN-413 to advance the compound and prepare it for clinical testing. Surrozen is pioneering targeted therapeutics that selectively activate the Wnt pathway for tissue repair and regeneration. The milestone achievement triggers a $10 million payment to Surrozen as part of the agreement. “We are excited that Boehringer has decided to move forward with the development of SZN-413 based on the completion of the initial period of joint research,” said Craig Parker, President and Chief Executive Officer of Surrozen. “With the strong genetic, experimental and clinical evidence of the role for Fzd-4 specific Wnt signaling in the retinal vasculature, we look forward to the further evaluation of this novel therapeutic approach to address one of the most urgent medical needs for people with retinal disease.”