30th Dec 2024 11:44
Arecor Therapeutics PLC - Cambridgeshire, England-based biopharmaceutical company - Signs licensing agreement for its AT351 liquid drug product with "a wholly owned subsidiary of one of the world's largest independent chemicals marketing companies". Arecor says it receives an undisclosed upfront payment and is eligible for development, regulatory, and commercial milestone payments and royalties on global sales. The licensee receives an exclusive worldwide license and is responsible for all development, regulatory and commercialisation activities. The licensee will pursue approval from the US Food & Drug Administration, with filing expected within three years. Read More
