Dimerix bags Advanz payment in kidney disease deal
Australian inflammatory diseases specialist Dimerix (ASX: DXB) has received an initial payment of 6.5 million euros ($7 million) in line with the recently-announced license agreement with Advanz Pharma.
Under the agreement, Advanz has been granted exclusive rights to commercialize DMX-200 for the kidney disease focal segmental glomerulosclerosis (FSGS) in the European Economic Area, the UK, Switzerland, Canada, Australia, and New Zealand.
Dimerix has retained all commercial rights to DMX-200 outside the Advanz territories, as well as all other indications globally.
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