Chugai could pay 50 billion yen in deal with Oncolys

8 April 2019

Shares in Japanese oncology specialist Oncolys Biopharma closed 18% up on Monday after the announcement of a deal with Chugai Pharmaceutical (TYO: 4519), majority-owned by Swiss pharma giant Roche (ROG: SIX).

Chugai will gain an exclusive license, with sublicensing rights, concerning the development, manufacturing and marketing in Japan and Taiwan for telomelysin, an oncolytic viral immunotherapy which is currently under development by Oncolys.

"The combination with cancer immunotherapies could provide true value to patients"A licensing agreement that grants Chugai exclusive option rights concerning the worldwide development, manufacturing and marketing of telomelysin, excluding Japan, Taiwan, China, Hong Kong and Macau, has also been concluded.

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