Adapsyn Bioscience Inc. announced a research collaboration with Pfizer Inc. Under the terms of the research agreement, Adapsyn and Pfizer are working together to employ Adapsyn's proprietary platform technologies with the goal of identifying and testing previously undiscovered natural products from Pfizer's collection of microbial strains. Both companies have exclusive rights to pursue select novel compounds and their derivatives identified through the collaboration. In addition to an upfront payment, should Pfizer advance any potential compounds identified through the collaboration, Adapsyn is entitled to potential preclinical, and regulatory milestone payments of up to $162 million, as well as royalties on potential future sales of any product that may be derived from this collaboration. Should Adapsyn advance any potential compounds identified through the collaboration, Pfizer will be eligible for future milestone and royalty payments as well.