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The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications. 2020-08-13 · Norwegian biotech Lytix says a licensing deal with Verrica in dermatologic oncology indications gives it commercial validity – and leaves options open in other cancer areas.
WEST CHESTER, PA — Verrica Pharmaceuticals Inc. (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into an exclusive worldwide license agreement with Lytix Biopharma AS (“Lytix”) to develop and commercialize LTX-315 for dermatologic oncology indications.skyshooteo -
LONDON – After 17 years of patient toil, Lytix Biopharma AS has landed the first commercial endorsement of its oncolytic peptide platform, agreeing to a potential $113.5 million deal in which Verrica Pharmaceuticals Inc. will develop the lead product, LTX-315, as a transdermal treatment for skin cancer. Verrica Pharmaceuticals has entered into an exclusive worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology indications. Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development. Verrica Pharmaceuticals Licenses LTX-315 Oncolytic Peptide Based Immunotherapy, From Lytix Biopharma AS, For Treatment Of Dermatologic Oncology Indications WEST CHESTER, Pa., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Verrica Pharmaceuticals Inc.("Verrica") (NASDAQ:VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions. We believe there’s a better way to safely and effectively bring relief to patients, deliver peace of mind to parents and caregivers, and advance accessible therapies to prescribers and payers. Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions. We believe there’s a better way to safely and effectively bring real relief to patients, advancing accessible therapies to prescribers and payers, and providing peace of mind to parents and caregivers.
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The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications. Home Globe Newswire News Releases Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Oncology Indications
Verrica is also developing VP-103, its second cantharidin-based product candidate, for the treatment of plantar warts. The Company has also entered a worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology conditions. For more information, visit www.verrica.com.
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The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications. WEST CHESTER, PA, USA I August 11, 2020 I Verrica Pharmaceuticals Inc. (“Verrica”) (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into an exclusive worldwide license agreement with Lytix Biopharma AS (“Lytix”) to develop and commercialize LTX-315 for dermatologic On August 7, 2020, Verrica Pharmaceuticals Inc., or the Company, entered into an exclusive license agreement, or the Lytix Agreement, with Lytix Biopharma AS, or Lytix, pursuant to which the Company obtained a worldwide, exclusive, royalty-bearing license, with the right to sublicense, for certain technology of Lytix to research, develop, manufacture, have manufactured, use, sell, have sold Lytix Biopharma develops the drug candidate LTX-315 for several types of cancer. In August 2020, Lytix entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals to develop and commercialize LTX-315 for dermatologic oncology indications (skin cancer diseases).
Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Oncology Indications
Verrica Pharmaceuticals (NASDAQ:VRCA) has entered into an exclusive worldwide license agreement with Lytix Biopharma to develop and commercialize LTX-315 for dermatologic oncology indications
A significant milestone payment to Lytix. In August 2020, Lytix entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals to develop and commercialize LTX-315 for dermatologic oncology indications (skin cancer diseases). The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.
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Norska Lytix utlicensierar läkemedelskandidat - Pressen.se
The recent market validation received through the elegant deal done with Verrica, further substantiates that Lytix’ products have a significant commercial potential, enough margins and a long-term market life cycle. View VRCA stock info; drug pipeline; latest news; SEC filings; articles; upcoming catalysts and more at BioPharmCatalyst. After Verrica deal in dermatological cancer, Lytix looks ahead to next-generation oncology product By Paul Bonanos, Associate Editor Norwegian biotech Lytix Find the latest Verrica Pharmaceuticals Inc. (VRCA) stock quote, history, news and The Company has also entered a worldwide license agreement with Lytix 12 Mar 2021 Lytix Biopharma plans a phase II trial for Solid tumours between Lytix Pharmaceutical and Verrica Pharmaceuticals.
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2021-03-29 · Verrica's late-stage product candidate, VP-102, is in development to treat molluscum, common warts and external genital warts, three of the largest unmet needs in medical dermatology. Lytixs’ technology addresses a major challenge in conditioning the immune system to better fight cancer. The recent market validation received through the elegant deal done with Verrica, further substantiates that Lytix’ products have a significant commercial potential, enough margins and a long-term market life cycle. View VRCA stock info; drug pipeline; latest news; SEC filings; articles; upcoming catalysts and more at BioPharmCatalyst. After Verrica deal in dermatological cancer, Lytix looks ahead to next-generation oncology product By Paul Bonanos, Associate Editor Norwegian biotech Lytix Find the latest Verrica Pharmaceuticals Inc. (VRCA) stock quote, history, news and The Company has also entered a worldwide license agreement with Lytix 12 Mar 2021 Lytix Biopharma plans a phase II trial for Solid tumours between Lytix Pharmaceutical and Verrica Pharmaceuticals. earlier, in August 2020 both A high-level overview of Verrica Pharmaceuticals Inc. (VRCA) stock.