Jubilant Biosys signs license agreement with Checkpoint Therapeutics
Jubilant Biosys, a subsidiary of Jubilant Life Sciences and Checkpoint Therapeutics, Inc. (Checkpoint), a subsidiary of Fortress Biotech, Inc. announced the signing of an exclusive, worldwide license agreement under which Jubilant Biosys will out-license to Checkpoint a family of patents covering compounds that inhibit BRD4, a member of the BET (Bromodomain and Extra Terminal) domain for cancer treatment.The deal includes an upfront payment of US $2 million and contingent preclinical, clinical and regulatory payments including commercial milestones totalling up to US $180 million. Jubilant Biosys will also receive research funding and royalty payments on successful commercialization of the compounds. Checkpoint will assume all further preclinical, clinical development and commercialization responsibilities.
Powered by Capital Market - Live News