HCW Biologics (Nasdaq: HCWB) has announced a worldwide licensing agreement with WY Biotech to develop and commercialize one of its preclinical immunotherapy candidates.
WY will pay an upfront $7 million fee and cover all associated development costs, with HCW eligible for milestones and royalties.
The deal includes an option for HCW to regain rights in the Americas after Phase I trials, at no additional cost. Both firms will collaborate globally during clinical development, leveraging HCW’s novel protein scaffold technology.
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