BeiGene Signs an Exclusive Option and License Agreement with Leap Therapeutics for DKN-01

 BeiGene Signs an Exclusive Option and License Agreement with Leap Therapeutics for DKN-01

Shots:

  • Leap to receive $3M up front, up to $132M development, regulatory, and sales milestones plus royalties on sales of product. BeiGene to get an exclusive option to license DKN-01, for its development and commercialization in Asia (ex-Japan), Australia, New Zealand
  • Post the results of proof-of-concept study BeiGene will exercise the option and will pay additional payments to Leap. Additionally, BeiGene to make $5M equity investment in Leap as part of the contemporaneous $27M equity financing 
  • DKN-01 is a mAb that blocks & binds the activity of Dickkopf-1 (DKK1) protein and will be evaluated in combination with tislelizumab and CT among 40 patients & 20 patients with 2L gastric cancer (GC) /gastroesophageal junction cancer (GEJ) & 1L GC/GEJ respectively, with expected initiation in H1’20

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Vartika Singh

Vartika Singh is a content writer who loves to write research articles and reports at PharmaShots. She has in-depth knowledge of the life sciences industry including the Pharma and Biotech sectors. Any articles written by her can be contacted at connect@pharmashots.com.

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