Brief: Erasca Says Entered Into Exclusive License Agreement With Guangzhou Joyo Pharmatech
16/05/2024 22:44
May 16 (Reuters) - Erasca Inc ERAS.O :
* ERASCA INC - ENTERED INTO AN EXCLUSIVE LICENSE AGREEMENT
WITH
GUANGZHOU JOYO PHARMATECH CO., LTD.
* ERASCA- UNDER DEAL CO HAS EXCLUSIVE LICENSE TO SOME PATENT
OWNED
BY JOYO TO DEVELOP, COMMERCIALIZE SOME PAN-RAS INHIBITORS IN ALL
FIELDS OF USE
* ERASCA - UNDER AGREEMENT, CO WILL MAKE UPFRONT CASH
PAYMENT TO
JOYO OF $12.5 MILLION WITHIN 30 DAYS OF EFFECTIVE DATE OF JOYO
LICENSE AGREEMENT
Source text for Eikon: ID:n0001193125-24-140591
Further company coverage: ERAS.O
((Reuters.Briefs@thomsonreuters.com;))