Duvelisib back from the brink with strong data and a new licensing deal

6 June 2018

Massachusetts, USA-based cancer specialist Verastem (Nasdaq: VSTM) has announced an exclusive licensing deal with Japan’s Yakult Honsha (TYO: 2267), sending the firm’s shares up over 7% ahead of the opening bell in New York.

Yakult will develop and commercialize Verastem’s oral dual inhibitor duvelisib against oncology indications in Japan.

In return, the Tokyo-based firm will pay $10 million and up to an additional $90 million based on milestones, plus double-digit royalties on net sales in Japan.

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