Ono acquires global rights to Chordia's lymphoma candidate
Japanese firms Ono Pharmaceutical (TYO: 4528) and Chordia Therapeutics have agreed a licensing deal on CTX-177, the latter company’s MALT1 inhibitor and its related compounds.
Under the terms of the agreement, Ono will have exclusive global rights to develop, manufacture and commercialize CTX-177 and its related compounds.
Ono will pay to Chordia 800 million yen ($7.7 million) as an upfront payment and 2.5 billion yen at the time of starting a Phase I clinical study, as one of the pre-defined development milestones.
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