UK’s C4X Discovery Signs $400 Million Licensing Deal With AstraZeneca

mediabest

LONDON (Reuters) – British drug discovery company C4X Discovery said AstraZeneca had signed a licence worth up $402 million to develop an oral therapy for the treatment of inflammatory and respiratory diseases using its NRF2 Activator programme.

C4XD said on Monday it would receive pre-clinical milestone payments worth up to $16 million ahead of the first clinical trial, including $2 million upfront.

In addition, C4XD said it would receive a furtherpotential $385.8 million in clinical development and commercial milestones and tiered mid-single digit royalties upon commercialisation of any treatment. 

(Reporting by Paul Sandle; editing by Sarah Young)

Source: Read Full Article

Related posts:
  1. Intermittent fasting: In a 24/7 food culture, periodic fasting gains followers
  2. Celebrities Who Opened Up About Having Abortions
  3. Machine-learning improves the prediction of stroke recovery
  4. Useful strategies can help alleviate mental health problems during the pandemic
  5. Covid’s ‘Silver Lining’: Research Breakthroughs for Chronic Disease, Cancer, and the Common Flu