Brief: Bioarctic Announces Global License Agreement For Antibody Program
Dec 19 (Reuters) - BioArctic AB BIOAb.ST :
* BIOARCTIC ANNOUNCES GLOBAL LICENSE AGREEMENT WITH BRISTOL
MYERS
SQUIBB FOR BIOARCTIC'S PYROGLUTAMATE-AMYLOID-BETA ANTIBODY
PROGRAM
* WILL RECEIVE A USD 100 MILLION UPFRONT PAYMENT AND UP TO
USD
1.25 BILLION IN MILESTONE PAYMENTS
* ENTITLED TO TIERED LOW DOUBLE-DIGIT ROYALTIES ON GLOBAL
PRODUCT
SALES
Source text: ID:nWkr10ftpg
Further company coverage: BIOAb.ST
(Gdansk Newsroom)
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