Norska Lytix utlicensierar läkemedelskandidat - Ekonomi - Aktualitet

NORSKA LYTIX GÖR AFFÄR VÄRD 113,5 MLN USD Placera

Betalningen sker med STOCKHOLM (Nyhetsbyrån Direkt) Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals.. Nyheter om Verrica Pharmaceuticals från den svenska pressen. Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals.

Lytix Biopharma AS (“Lytix”) today announces that the Company has entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals Inc. (“Verrica”) (NASDAQ: VRCA), to develop and commercialize LTX-315 for dermatologic oncology indications. WEST CHESTER, Pa., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Verrica Pharmaceuticals Inc. (“Verrica”) (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring Verrica is solely responsible for the development, regulatory filings, and commercialization of LTX-315 in dermatology, while Lytix is responsible for manufacturing the active pharmaceutical ingredient. For more information, visit www.verrica.com.About Lytix Biopharma AS.Lytix is a Norwegian clinical stage immuno-oncology company with a broadly patented oncolytic molecule platform. Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development.

LTX-315 is a first-in-class oncolytic peptide that is injected directly into a tumor to induce immunogenic cell death.

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Verrica's late-stage product candidate, VP-102, is in development to treat molluscum, common warts and external genital warts, three of the largest unmet needs in medical dermatology. The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications. 2021-03-29 2021-02-28 Lytix is entitled to receive an up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.

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The Company has also entered a worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology conditions. For more information, visit www.verrica.com.

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We believe there’s a better way to safely and effectively bring real relief to patients, advancing accessible therapies to prescribers and payers, and providing peace of mind to parents and caregivers. WEST CHESTER, Pa., August 11, 2020 (GLOBE NEWSWIRE) — Verrica Pharmaceuticals Inc. (“Verrica”) (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into an exclusive worldwide license agreement with Lytix Biopharma AS (“Lytix”) to develop and commercialize LTX-315 for Verrica has in-licensed LTX-315, an oncolytic peptide administered directly to the tumor to induce immunogenic cell death, which may offer a non-surgical option for patients suffering from skin cancer. Lytix Biopharma enters milestone agreement with Verrica Pharmaceuticals for its lead candidate LTX-315 Lytix Biopharma develops the drug candidate LTX-315 for several types of cancer. In August 2020, Lytix entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals to develop and commercialize LTX-315 for dermatologic oncology indications (skin cancer diseases). Verrica kommer efter affären vara ansvarig för utveckling samt regulatoriskt och kommersiellt arbete.

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We believe there’s a better way to safely and effectively bring relief to patients, deliver peace of mind to parents and caregivers, and advance accessible therapies to prescribers and payers. Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions. We believe there’s a better way to safely and effectively bring real relief to patients, advancing accessible therapies to prescribers and payers, and providing peace of mind to parents and caregivers. Verrica has in-licensed LTX-315, an oncolytic peptide administered directly to the tumor to induce immunogenic cell death, which may offer a non-surgical option for patients suffering from skin cancer. Verrica is solely responsible for the development, regulatory filings, and commercialization of LTX-315 in dermatology, while Lytix is responsible for manufacturing the active pharmaceutical Lytix is entitled to receive an up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.