3B Pharmaceuticals Entered into an Amended and RestatedLicense Agreement with Novartis for FAP-Targeting Peptide Technology
Shots:
- 3BP to receive an initial fee of $40M and is eligible to receive an additional ~$425M in development, regulatory, and commercial milestones along with royalties on net sales
- 3BP retains certain rights to develop its FAP-targeting imaging technology for diagnostic purposes. Novartis gets an exclusive right globally to develop and commercialize therapeutic and imaging applications for 3BP's FAP-targeting peptide technology, incl. FAP-2286, the first peptide-targeted radioligand therapy (PT-RLT) targeting FAP currently being studied in the P-I trial (LuMIERE)
- In 2019, 3BP collaborated with Clovis Oncology on the development of a peptide-targeted radiotherapy and imaging agent targeting FAP
Ref: 3B Pharmaceuticals | Image: Novartis
Related News:- Clovis Oncology Signs a License Agreement with 3B Pharmaceuticals for FAP-Targeted Radiopharmaceutical Program
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