Gilead Sciences and Yuhan Corp enter NASH collaboration
US biotech Gilead Sciences (Nasdaq: GILD) and South Korea-based healthcare company Yuhan Corporation (000100: KS) on Sunday announced they had entered into a licensing and collaboration agreement to co-develop novel therapeutic candidates for the treatment of patients with advanced fibrosis due to non-alcoholic steatohepatitis (NASH), an increasing therapeutic area of interest.
Under the agreement, Gilead will acquire global rights to develop and commercialize novel small molecules against two undisclosed targets in all countries, with the exception of the Republic of Korea where Yuhan will retain certain commercialization rights. Yuhan and Gilead will jointly conduct preclinical research, and Gilead will be responsible for global clinical development. Gilead will also be responsible for commercialization worldwide, outside of Yuhan’s rights in the Republic of Korea.
Deal worth a potential $785 million to Yuhan
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