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Elektrofi Enters into a Collaboration and License Agreement with Janssen Biotech to Develop Five Programs for Oncology

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Janssen Biotech

Elektrofi Enters into a Collaboration and License Agreement with Janssen Biotech to Develop Five Programs for Oncology

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  • Both companies have signed a multi-target worldwide research collaboration & license agreement to develop up to 5 oncology programs by combining Elektrofi's formulation technology platform with Janssen’s oncology development & commercialization strengths
  • As per the agreement, Elektrofi will receive an up front payment of $18M & will be eligible to receive future-based payments of $155M per target upon achieving development, regulatory & sales based milestones plus tiered mid-single digit royalties
  • Furthermore, Janssen will receive the exclusive right to lead Janssen oncology target & up to four additional targets. Janssen will be responsible for the clinical development & commercialization of individual products

Ref: Elektrofi Image: Elektrofi

Related News:- Eli Lilly and Elektrofi Entered into a Collaboration and License Agreement to Develop Patient-Centric Subcutaneous Therapies

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Shivani Chandra

Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.

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