apple
- 25 Mar 2004 20:47
cynic
- 06 Jun 2018 08:33
- 1450 of 1451
a tasty rns out this morning ......
Oxford BioMedica said it had entered into an exclusive worldwide licensing agreement with Axovant Sciences to develop and commercialisea a gene therapy developed by the company for Parkinson's disease.
The agreement would see Axovant utilise Oxford BioMedica's LentiVector platform.
Under the terms of the agreement, Oxford BioMedica would receive a $30m upfront payment (£22m) including $5m as pre-payment for manufacturing activities related to OXB-102, now renamed, AXO-Lenti-PD.
Oxford BioMedica was also eligible to receive $55m on achievement of development milestones and $757.5m on achievement of regulatory and sales milestones, with 7% to 10% tiered royalties on net sales of AXO-Lenti-PD.
queen1
- 06 Jun 2018 13:12
- 1451 of 1451
Game changer. Obviously no guarantees but $757m is potentially stratospheric....