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Everest Signs a License Agreement with Providence to Advance mRNA Vaccines

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Everest Signs a License Agreement with Providence to Advance mRNA Vaccines

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  • Providence to receive $100M up front for Providence's PTX-COVID19-B- mRNA technology & other products- ~$300M upon achievement of milestones- $100M in profit-sharing along with royalties in Greater China & Singapore. Providence is also eligible to receive royalties based on vaccine sales in Everest Territories
  • Everest gains rights to Providence's PTX-COVID19-B in Greater China- Asia- Pakistan & other countries. PTX-COVID19-B is currently in P-II trials while interim data from the P-I study showed that the vaccine is safe & well tolerated
  • The companies also enter into a 50/50 global collaboration to develop 2 additional prophylactic or therapeutic products by using Providence's mRNA Platform

  | Ref: PR Newswire | Image: Crunchbase

Click here to­ read the full press release 

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This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com

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