Aclaris Therapeutics, Pediatrix Therapeutics Ink License Deal For ATI-1777 In Greater China

RTTNews | 1434 hari yang lalu
Aclaris Therapeutics, Pediatrix Therapeutics Ink License Deal For ATI-1777 In Greater China

(RTTNews) - Biopharmaceutical company Aclaris Therapeutics, Inc. (ACRS) and Chinese therapeutic company Pediatrix Therapeutics, Inc. announced that the companies have entered into a license agreement.

Under the license agreement, Aclaris has granted Pediatrix the exclusive rights to develop, manufacture and commercialize ATI-1777, Aclaris' investigational "soft" Janus kinase (JAK) 1/3 inhibitor, for any disease, including atopic dermatitis, in Greater China (Mainland China, Hong Kong, Macau and Taiwan).

Aclaris will retain the rights to develop, manufacture and commercialize ATI-1777 in the rest of the world.

Under the terms of the agreement, Aclaris will receive an upfront payment of $5 million. In addition, Aclaris is eligible to receive milestone payments of up to $91 million if certain development, regulatory and commercial objectives are achieved.

Aclaris is also eligible to receive a tiered royalty ranging from a low-to-high single digit percentage of net sales of ATI-1777 by Pediatrix in Greater China.

For More Such Health News, visit rttnews.com

baca selengkapnya
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market has finished lower in three straight sessions, tumbling more than 2,100 points or 4.6 percent along the way. The Taiwan Stock Exchange now sits just above the 45,200-point plateau and it may take further damage on Tuesday.
RTTNews | 1 jam 9 menit yang lalu
Singapore Stock Market Due For Support On Tuesday

Singapore Stock Market Due For Support On Tuesday

The Singapore stock market has moved lower in three straight sessions, slumping almost 100 points or 1.9 percent along the way. The Straits Times Index now sits just above the 5,300-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 1 jam 39 menit yang lalu
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in back-to-back sessions, gathering more than 8 points or 0.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,620-point plateau and it figures to remain in that neighborhood again on Tuesday.
RTTNews | 2 jam 9 menit yang lalu
KOSPI May Spin Its Wheels On Tuesday

KOSPI May Spin Its Wheels On Tuesday

The South Korea stock market on Monday snapped the two-day slide in which it had given up more than 280 points or 4.6 percent. The KOSPI now sits just beneath the 5,860-point plateau although it may be stuck in neutral on Tuesday.
RTTNews | 2 jam 39 menit yang lalu
Australia Rate Decision On Tap For Tuesday

Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to hike its benchmark lending rate by 25 basis points, to 4.85 percent from 4.60 percent.
RTTNews | 3 jam 9 menit yang lalu
New Zealand Building Consents Sink 7.9% In September

New Zealand Building Consents Sink 7.9% In September

The total number of building permits issued in New Zealand was down a seasonally adjusted 7.9 percent on month in September, Statistics New Zealand said on Tuesday - following the 5.3 percent increase in August.
RTTNews | 3 jam 49 menit yang lalu