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On October 13, local time, Darei Biotech announced that it has granted Roche an exclusive global license for its RNAi candidate drug under development targeting activin receptor-like kinase 7. The drug candidate is developed based on Darex Biotech's proprietary extra-hepatic delivery platform technology. Under the terms of the agreement, Darex Biotech will receive a down payment of up to $100 million and recent milestone payments, as well as be eligible for development, registration and commercialization milestone payments of up to $1.06 billion, and can receive tiered royalties based on global net sales.
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On October 13, local time, Darei Biotech announced that it has granted Roche an exclusive global license for its RNAi candidate drug under development targeting activin receptor-like kinase 7. The drug candidate is developed based on Darex Biotech's proprietary extra-hepatic delivery platform technology. Under the terms of the agreement, Darex Biotech will receive a down payment of up to $100 million and recent milestone payments, as well as be eligible for development, registration and commercialization milestone payments of up to $1.06 billion, and can receive tiered royalties based on global net sales.
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