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Ligand Pharmaceuticals has entered into a worldwide license agreement with xCella Biosciences to permit xCella to use the OmniRat, OmniMouse and OmniFlic platforms to discover fully human mono- and bispecific antibodies. Ligand is eligible to receive annual platform access payments, development and regulatory milestone payments and royalties for each product incorporating an OmniAb antibody. xCella will be responsible for all costs related to the programs.
Janssen Pharmaceutical Companies has entered into a worldwide exclusive license and collaboration agreement with Protagonist Therapeutics to develop, manufacture, and commercialize PTG-200, an oral interleukin-23 receptor (IL-23R) antagonist drug candidate for treating Crohn’s disease and ulcerative colitis. Under the agreement, Protagonist will receive an upfront payment and is eligible to receive development and commercialization milestone payments. If PTG-200 is commercialized, Protagonist would be eligible to receive royalties on net sales and will also have the option to co-detail in the US.
EnteroMedics, a developer of medical devices treating obesity, metabolic diseases and other gastrointestinal disorders, has acquired the Gastric Vest System through its acquisition of BarioSurg, Inc. The Gastric Vest is an investigational, minimally-invasive, laparoscopically implanted medical device being studied for weight loss in morbidly obese patients. The device, which wraps around the stomach and emulates the effect of conventional weight loss surgery, enables gastric volume reduction without permanently changing patient anatomy.