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Opexa Hits Transfer Milestone with Novartis

Opexa achieved its first milestone in its stem cell pact with Novartis.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Opexa Therapeutics has achieved its first technology transfer milestone in connection with its recently announced exclusive stem cell agreement with Novartis. The milestone was completed on schedule and triggers a payment of $500,000 to Opexa. Opexa recently entered into an exclusive agreement with Novartis for the further development of its novel stem cell technology. Opexa received an upfront cash payment of $3 million and was entitled to an additional $1 million as a technology transfer fe...

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