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BRIEF-Advinus and Takeda initiate multi-year drug discovery collaboration

Oct 3 (Reuters) - Advinus Therapeutics:

* Takeda and Advinus initiate multi-year drug discovery collaboration

* Advinus Therapeutics-Takeda will receive worldwide commercial rights to drug

candidates emerging from the alliance

* Advinus Therapeutics-Advinus will receive guaranteed research funding of $36

million over the term of the collaboration

* Advinus-co will get $9 million in milestones leading to candidate selection

* Advinus-is eligible to get future clinical and regulatory milestone payments

of up to $45 million per product

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