Swedish firm sells pre-clinical program to Tango Therapeutics

16 March 2020

Stockholm, Sweden-based biotech Medivir (Nasdaq: MVIR) has agreed a licensing deal for one of its pre-clinical research programs, with US biotech Tango Therapeutics.

Under the terms of the deal, Medivir will receive an undisclosed upfront payment, various development and commercial milestones, plus “low single-digit royalties on future products.”

Chief operating officer Christina Herder said: "We are pleased to see one of our promising pre-clinical assets finding a new home for further exploration by a very exciting company.”

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