Nykode gets back rights VB10.NEO program from Genentech
Norwegian clinical-stage biotech Nykode Therapeutics (OSE: NYKD) revealed that it has received notification from Genentech, a US subsidiary of Roche (ROG: SIX), of its decision to terminate the collaboration and licensing agreement for Nykode’s VB10.NEO cancer vaccine program.
With this notice, the existing collaboration and licensing agreement signed September 2020 will terminate effective January 6, 2025 and Nykode will regain control of VB10.NEO and its intellectual property portfolio along with rights to license the program.
Nykode is not required to refund any upfront payments or make any future payments to Genentech on the termination, but its shares dropped around 5% on the news.
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