Karyopharm Signs an Exclusive License Agreement with Menarini to Commercialize Nexpovio (selinexor) for Oncology
Shots:
- Karyopharm to receive $75M up front & is eligible to receive ~$202.5M upon achievement of development & sales-based milestones along with royalties on net sales of Nexpovio
- Menarini gets a non-exclusive/exclusive license to develop & commercialize selinexor for Hematologic & oncology indications in the EU, UK, and other countries & also get non-exclusive license to package and label the product in/outside of the Territory for oncology indications
- Nexpovio is an oral SINE compound & is marketed as Xpovio in the US. Additionally, the EMA has validated the MAA for Nexpovio + Velcade & low-dose dexamethasone to treat MM while CHMP will review the MAA & is expected to be completed in H1’22
Ref: Karyopharm | Image: Karyopharm
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