vTv Therapeutics (VTVT) announced that it has expanded its license agreement with Newsoara Biopharma to provide Newsoara with global rights to the Company’s PDE4 inhibitor, HPP737. Pursuant to the amended license agreement, Newsoara has obtained an exclusive, worldwide license to develop and commercialize Company’s PDE4 inhibitor, HPP737, in exchange for an upfront payment and potential future milestone payments and royalties on net sales. In addition to the upfront payment of $20 million, the amended license with Newsoara includes future development milestones of up to approximately $50 million, future sales milestones of up to $65 million, and tiered royalties based on sales.
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