Anji Pharmaceuticals Licenses Regional Rights to a Clinical Asset from Global Pharma
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Business Wire
CAMBRIDGE, Mass. & SHANGHAI--(BUSINESS WIRE)-- Anji Pharmaceuticals, Inc. (“Anji” or “the Company”) announced today it has licensed pradigastat, an inhibitor of acyl coA: diacylglycerol acyl transferase (DGAT1), from Novartis (NYSE: NVS). Pradigastat is a well-characterized molecule which has progressed to Phase 3 clinical testing. Anji has secured rights to pursue new indications for pradigastat, with an initial focus on regulatory approval in China. In exchange, Anji has agreed to make a one-time upfront payment of US $2.0M to Novartis, with additional cash payments and downstream royalties due upon reaching regulatory and sales milestones. With its platform of using human genetic data to drive target selection, Anji is focused on growing and progressing its clinical and pre-clinical pipeline. Anji has established a nimble and experienced clinical team to advance novel treatment paradigms, especially in und
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