PDC*line Pharma inks collaboration with LG Chem
Belgium’s PDC*line Pharma has signed an exclusive licensing and option agreement with LG Chem Life Sciences Company, the life sciences division of LG Chem.
PDC*line is working on a new class of antigen presenting cell, based on a proprietary cell line of Plasmacytoid Dendritic cells.
Under the terms of the agreements, PDC*line Pharma will work with LG Chem, which will have the full rights in South Korea and an exclusive option for other Asian countries, to develop and commercialize the company’s drug candidate, PDC*lung, in lung cancer.
PDC*line is eligible for upfront and near-term milestone payments, plus longer-term clinical development and regulatory milestones totaling up to 108 million euros ($123 million).
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