Trek Therapeutics buys rights to Medivir's hep C candidate MIV-802

19 August 2016

Swedish drugmaker Medivir (OMX: MVIR) has licensed exclusive rights to its hepatitis C virus (HCV) treatment MIV-802 to USA-based Trek Therapeutics, a private, clinical-stage public benefit corporation developing treatments for serious infections.

The deal will see Trek Therapeutics gain the rights to develop and commercialize the nucleotide polymerase inhibitor globally, excluding in China, Taiwan, Hong Kong and Macau.

Medivir is entitled to receive milestones based on successful clinical development and royalties capped at a mid-teens percentage upon commercialization of MIV-802 containing products.

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