3 dager siden Kreftbehandlingsselskapet Lytix Biopharma vil nå hente kapital som lisensavtale med amerikanske Verrica Pharmaceuticals for LTX-315 i 

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2021-03-23

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Lytix verrica

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2021-03-29 2021-02-28 Lytix is entitled to receive an up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications. Verrica Pharmaceuticals Inc. has entered into an exclusive worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology indications. Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development. Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Därtill kommer royalty på eventuell försäljning som börjar på ett lågt tvåsiffrigt tal och sträcker sig upp till ett medelhögt ”teens” (13-19 procent).

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Lytix verrica

WEST CHESTER, Pa., March 22, 2021 (GLOBE NEWSWIRE) — Verrica Pharmaceuticals Inc. (Verrica) (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced the pricing of its underwritten public offering of 2,033,899 shares of its common stock at a price to the public of $14.75 per share.

Lytix verrica

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Lytix verrica

Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Därtill kommer royalty på eventuell försäljning som börjar på ett lågt tvåsiffrigt tal och sträcker sig upp till ett medelhögt ”teens” (13-19 procent). Lytix Biopharma AS licenses its lead candidate LTX-315, a first-in-class oncolytic peptide based immunotherapy, to Verrica Pharmaceuticals, for the treatment of dermatologic oncology | February 14, 2021 STOCKHOLM (Nyhetsbyrån Direkt) Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. LONDON – After 17 years of patient toil, Lytix Biopharma AS has landed the first commercial endorsement of its oncolytic peptide platform, agreeing to a potential $113.5 million deal in which Verrica Pharmaceuticals Inc. will develop the lead product, LTX-315, as a transdermal treatment for skin cancer.
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WEST CHESTER, PA — Verrica Pharmaceuticals Inc. (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into an exclusive worldwide license agreement with Lytix Biopharma AS (“Lytix”) to develop and commercialize LTX-315 for dermatologic oncology indications. 2021-02-18 STOCKHOLM (Nyhetsbyrån Direkt) Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Verrica is also developing VP-103, The Company has also entered a worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology conditions. Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Oncology Indications Verrica Pharmaceuticals (NASDAQ:VRCA) has entered into an exclusive worldwide license agreement with Lytix Biopharma to develop and commercialize LTX-315 for dermatologic oncology indications A significant milestone payment to Lytix.

Maybe a watch item position at $10 if there is any 'hiccup'. Lytix is entitled to receive an up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.
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Lytix verrica





Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development. LTX-315 is a first-in-class oncolytic peptide that is injected directly into a tumor to induce immunogenic cell death.

Verrica’s late-stage product candidate, VP-102, is in development to treat molluscum, common warts and external genital warts, three of the largest unmet needs in medical dermatology.