In an all Belgian deal, biotech company Oncurious has reached principle agreement with the life sciences research institute VIB to acquire exclusive licenses to a portfolio of five unique next generation immuno-oncology (I-O) assets.
The company is a venture between biopharma firm ThromboGenics (EBR: THR) and VIB, and the latter will increase its stake in Oncurious as part of the agreement.
VIB will receive a royalty on future sales of any of the assets. ThromboGenics, which remains the majority shareholder, is investing an additional 2.1 million euros ($2.5 million) in Oncurious.
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