Anagenics Limited (AU:AN1) has released an update.
Anagenics Limited is set to benefit from a licensing deal involving its midkine intellectual property portfolio, with Roquefort Therapeutics signing a term sheet for the out-licensing of a midkine antibody portfolio to PDC FZ-LLC. The deal promises Anagenics a 4% royalty on net sales and an 8% royalty on net sublicensing revenue. Roquefort’s deal includes an initial consideration of $10M and potential trade sale proceeds, with definitive licensing agreements and further updates to follow.
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