Brief: Artios And Merck KGaA Announce Global Strategic Collaboration

Arix Bioscience

03/12/2020 08:03

Dec 3 (Reuters) - Arix Bioscience PLC  ARIX.L :
    * REG-ARIX BIOSCIENCE PLC ARTIOS AND MERCK KGAA ANNOUNCE
GLOBAL
STRATEGIC COLLABORATION
    * ARIX BIOSCIENCE - TO RECEIVE $30 MILLION IN UPFRONT,
NEAR-TERM
PAYMENTS, PLUS DOUBLE DIGIT OPTION FEES AND UP TO US$860 MILLION
IN TOTAL MILESTONES PER TARGET
    * ARIX BIOSCIENCE PLC - MERCK KGAA SHALL HAVE RIGHT TO OPT
INTO
EXCLUSIVE DEVELOPMENT AND COMMERCIALISATION OF COMPOUNDS ON UP
TO EIGHT TARGETS
    * ARIX BIOSCIENCE PLC - THREE-YEAR STRATEGIC RESEARCH
COLLABORATION TO DISCOVER AND DEVELOP MULTIPLE PRECISION
ONCOLOGY DRUGS

Source text for Eikon:  ID:nEQ5VwXHLa 
Further company coverage:  ARIX.L 

 ((Reuters.Briefs@thomsonreuters.com;))