PharmaEngine and Nanobiotix sign Asia-Pacific deal for NBTXR3

8 August 2012

French nano-medicines group Nanobiotix has entered into a strategic partnership with PharmaEngine (TWO: 4162) of Taiwan for the rapid development of NBTXR3, the lead product from the NanoXray pipeline of Nanobiotix.

Nanobiotix will receive an initial upfront payment of $1 million and is eligible for further development and commercialization milestones which may amount to a total of $56 million plus tiered, up to double-digit royalties on net product sales in the Asian-Pacific region.

Under the terms of the accord, PharmaEngine gains exclusive rights to develop and commercialize NBTXR3 in the Asian-Pacific region, including Australia, China, India, Japan, Korea, Taiwan and other countries, while Nanobiotix retains exclusive rights for the rest of the world. Nanobiotix retains an option to re-acquire the rights for the entire Asian-Pacific territory except for China and Taiwan, according to pre-defined conditions in exchange for termination payments and agreed-upon royalties.

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