Philochem Announces Licensing Of Oncoacp3, To Rayzebio, A Bristol-Myers Squibb Company, For A Potential Value Of Up To $1.35Bn Plus Royalties
ReutersJun 10, 2025 10:02 PM
June 10 (Reuters) - Philogen SpA PHIL.MI:
PHILOCHEM AG ANNOUNCES THE LICENSING OF WORLDWIDE RIGHTS TO ONCOACP3, A NOVEL RADIOPHARMACEUTICAL THERAPEUTIC AND DIAGNOSTIC AGENT TARGETING PROSTATE CANCER, TO RAYZEBIO, A BRISTOL-MYERS SQUIBB COMPANY, FOR A POTENTIAL VALUE OF UP TO $1.35BN PLUS ROYALTIES
PHILOGEN SPA - CONSIDERATION COMPOSED OF A $350M UP-FRONT PAYMENT
PHILOGEN SPA- CO WILL RECEIVE MID-SINGLE TO LOW DOUBLE-DIGIT ROYALTIES PAYABLE ON GLOBAL NET SALES OF THERAPEUTIC AND DIAGNOSTIC AGENTS OF ONCOACP3
PHILOGEN SPA - CONSIDERATION COMPOSED OF UP TO $1.0BN IN DEVELOPMENT, REGULATORY AND COMMERCIAL MILESTONES
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