Intec Pharma Reports Fourth Quarter and Year End 2019 Financial Results and Corporate Update
Intec Pharma Ltd (NTEC)
Last intec pharma ltd earnings: 11/12 07:02 am
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Source: PR Newswire
JERUSALEM, March 13, 2020 /PRNewswire/ -- Intec Pharma Ltd. (NASDAQ: NTEC) ("Intec" or "the Company") today announces financial results for the fourth quarter and year ended December 31, 2019 and provides a corporate update. Highlights from the Quarter and Recent WeeksDeveloped an Accordion Pill (AP) for a Merck & Co. (MSD) proprietary compound that met the in vitro specifications set forth in the companies' research collaboration and are now in discussions with MSD to determine advancing the program into human pharmacokinetic (PK) studies; Concluded the Feasibility and Option Agreement (FOA) with Novartis Pharmaceuticals, under which Intec Pharma built a custom-designed AP for a Novartis proprietary compound that met the technical and PK clinical specifications set forth but following an internal and revised commercial strategic assessment, Novartis determined not to take the program forward; Novartis agreed to pay Intec Pharma $1.5 million upon conclusion of the program FOA and tho
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