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Verrica is also developing VP-103, The Company has also entered a worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology conditions. 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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Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Därtill kommer royalty på eventuell försäljning som börjar på ett lågt tvåsiffrigt tal och sträcker sig upp till ett medelhögt ”teens” (13-19 procent). Lytix Biopharma AS licenses its lead candidate LTX-315, a first-in-class oncolytic peptide based immunotherapy, to Verrica Pharmaceuticals, for the treatment of dermatologic oncology | February 14, 2021 STOCKHOLM (Nyhetsbyrån Direkt) Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals.

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2021-02-18 STOCKHOLM (Nyhetsbyrån Direkt) Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Verrica is also developing VP-103, The Company has also entered a worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology conditions. 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. 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.

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LTX-315 is a first-in-class oncolytic peptide that is injected directly into a tumor to induce immunogenic cell death. 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. You may also be interested in 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. BioWorld Deals and M&A Cancer Verrica is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions.

Norway's Lytix Licenses Lead Asset To Verrica For Skin Cancers · Link.
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