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Stock impact report

Molecular Partners Finalizes License Agreement With Novartis For Ensovibep For COVID-19 [TheStreet.com]

Molecular Partners AG - American Depositary Shares (MOLN) 
Company Research Source: TheStreet.com
Agreement grants global rights of ensovibep to Novartis, who will lead further development and commercialization of the program Financial terms include milestone payment of CHF150 million to Molecular Partners and 22% royalty on ensovibep sales in relevant territories Collaboration will focus on rapidly progressing ensovibep's availability to COVID-19 patients via expedited regulatory processes ZURICH-SCHLIEREN, Switzerland & CONCORD, Mass., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Ad hoc announcement pursuant to Art. 53 LR: (SIX: MOLN; NASDAQ: MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin therapeutics, today announced that Molecular Partners and Novartis have entered into a license agreement under which Novartis will in-license global rights to ensovibep from Molecular Partners. Ensovibep is a DARPin antiviral therapeutic candidate to treat COVID-19, which recently reported positive topline data from the Phase 2 EMPATHY clin Show less Read more
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