November 6, 2017 / 2:41 AM / 4 months ago

BRIEF-Nanocarrier signs exclusive agreement with VBL Therapeutics for VB-111 in Japan

Nov 6 (Reuters) - NanoCarrier Co Ltd

* Says co signs an exclusive license agreement with VBL Therapeutics, for the development, commercialization, and supply of ofranergene obadenovec (“VB-111”) in Japan

* Under terms of the agreement, VBL Therapeutics will supply the co with VB-111, and the co will be responsible for all regulatory and other clinical activities necessary for commercialization in Japan

* Says VBL Therapeutics will receive up-front payment of $15 million, development and commercial milestone payments and tiered royalties on net sales from the co

Source text in Japanese:

Further company coverage: (Beijing Headline News)

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