Genentech Entered into an Exclusive WW License Agreement with Jemincare to Develop and Commercialize JMKX002992 for Prostate Cancer
Shots:
- Jemincare to receive $60M up front & is also eligible to receive ~$590M in additional fees upon achievement of development, regulatory and sales-based milestones along with royalties on net sales. The collaboration focuses to develop new treatment options for patients with advanced prostate cancer
- Jemincare to get an exclusive license to develop and commercialize JMKX002992 globally Genentech will be fully responsible for the development and commercialization costs
- JMKX002992 is a novel oral degrader of the androgen receptor & is indicated to treat patients with prostate cancer who have developed resistance to current therapies
Ref: PRNewswire| Image: Genentech
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