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Smerud will advance development of LiPlaCis in late stage metastatic breast cancer and 2X-111 in glioblastoma multiforme.
June 29, 2020
By: Contract Pharma
Contract Pharma Staff
Oncology Venture A/S (OV) has signed a definitive agreement to out-license two clinical assets, LiPlaCis and 2X-111, to Smerud Medical Research International for further clinical and commercial development. OV will receive regulatory milestone fees of nearly $30 million plus royalties on sales for each drug if all milestones are met. OV also terminated its prior license agreement with Cadila Pharmaceuticals for the development of LiPlaCis in India. In September 2019, OV announced a significa...
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