Reuters logo
BRIEF-Cerulean Pharma and Novartis enter strategic collaboration
October 19, 2016 / 12:20 PM / a year ago

BRIEF-Cerulean Pharma and Novartis enter strategic collaboration

Oct 19 (Reuters) - Cerulean Pharma Inc

* Cerulean Pharma Inc says company has entered into a strategic collaboration with Novartis

* Cerulean Pharma Inc says Cerulean will receive an upfront payment of $5 million and is eligible for milestone payments plus sales royalties for each target

* Cerulean Pharma -following regulatory approval of NDC products, co can earn single-digit to low double-digit tiered royalties on net sales for each NDC product

* Cerulean Pharma - under terms of agreement co is also eligible to receive preclinical, clinical, regulatory, and sales milestones for each target

* Collaboration with Novartis will create nanoparticle-drug conjugates directed at up to five targets Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below