Vernalis names Corvus as licensee for adenosine antagonist program

6 January 2016

British pharma company Vernalis (LSE: VER) has named US biotech company Corvus Pharmaceuticals (Nasdaq: CRVS) as the licensee for its adenosine antagonist program.

The company inked the deal in February last year but at the time neither the name of Corvus nor the therapeutic focus were disclosed.

Under the agreement, Corvus obtains exclusive, worldwide rights to Vernalis’ adenosine receptor antagonist program for use in all therapeutic applications.

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