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Nanobiotix

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business2 years ago•1 min saved

Nanobiotix's Stock Skyrockets with J&J Partnership for NBTXR3

American depositary receipts of Nanobiotix surged over 50% after the French biotech company signed an agreement with Johnson & Johnson's Janssen Pharmaceutical to co-develop a drug for treating head and neck cancer tumors. Nanobiotix will receive $60 million in the near term, up to $30 million in equity investment by 2027, and potentially up to $1.8 billion in payments based on development, regulatory, and sales milestones. The deal excludes China and certain Asian markets where Nanobiotix has already licensed the drug to LinaBio.

via Investopedia|

#agreement #business #cancer-treatment

healthcare2 years ago•8 min saved

"NANOBIOTIX Partners for Global Development and Commercialization of Groundbreaking Radioenhancer NBTXR3"

Nanobiotix has announced a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica for the investigational radioenhancer NBTXR3, which is being evaluated in several studies for the treatment of solid tumors. Under the agreement, Nanobiotix will grant Janssen a worldwide license for the development and commercialization of NBTXR3, with Nanobiotix receiving near-term cash and operational support valued up to $60 million. Nanobiotix will maintain operational control of ongoing studies and NBTXR3 manufacture, while Janssen will be responsible for an initial Phase 2 study for lung cancer. Nanobiotix is eligible for success-based payments of up to $1.8 billion, as well as royalties on net sales of NBTXR3.

via Yahoo Finance|

#cancer-treatment #healthcare #janssen