Xeris Biopharma Entered into a Research Collaboration and Option Agreement with Horizon for XeriJect Formulation of Teprotumumab
Shots:
- Xeris to receive an up front & is eligible to receive development milestones, regulatory & sales-based milestones along with royalties based on future sales, upon exercise of the commercial license option
- The collaboration enables Xeris to use its formulation technology platform, XeriJect to develop an ultra-concentrated, ready-to-use, SC inj. of teprotumumab, the first US FDA-approved therapy for thyroid eye disease. Horizon to get an option to license the Xeris technology
- Three of the company's products are currently on the market: Recorlev for endogenous Cushing's syndrome, Keveyis, the first US FDA-approved therapy for primary periodic paralysis & Gvoke, a ready-to-use liquid glucagon for sev. hypoglycemia
Ref: Businesswire | Image: Horizon
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