GSK Licenses RA Drug CCX354 from ChemoCentryx
ChemoCentryx will receive an option exercise fee of $25 million and will be eligible for further regulatory and sales milestone payments, as well as royalties on sales.
GlaxoSmithKline has exercised its option to obtain an exclusive worldwide license to further develop and commercialize ChemoCentryx’s investigational drug CCX354 for the treatment of rheumatoid arthritis (RA).
ChemoCentryx recently reported positive results from a Phase II trial investigating the safety, tolerability, clinical and biological activity of CCX354 in patients with RA.
According to the agreement, ChemoCentryx will receive an option exercise fee of $25 million and will be eligible for further regulatory and sales milestone payments, as well as royalties on sales.
GSK will be solely responsible for funding further clinical development and commerciali
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