Clinical DevelopmentProcessa Pharmaceuticals is designing a new adaptive pivotal PCS499 Phase 3 study for kidney disease, based on preliminary positive results.
Licensing DealProcessa has signed a binding term sheet with Intact Therapeutics, granting an exclusive option to license PCS12852 and is eligible for up to $454M in milestone payments, a 12% royalty, and a 3.5% equity stake.
Strategic InvestmentProcessa recently announced that it secured a strategic investment and is evaluating corporate cryptocurrency treasury strategies as part of its broader financial and growth objectives.