Edition:
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Merchavia's Portfolio Company 'Juventas' Announces Strategic Commercialization Agreement


Monday, 3 Dec 2018 08:00am EST 

Dec 3 (Reuters) - Merchavia Holdings and Investments Ltd ::MERCHAVIA'S PORTFOLIO COMPANY 'JUVENTAS' ANNOUNCES STRATEGIC COMMERCIALIZATION AGREEMENT.MERCHAVIA HOLDINGS AND INVESTMENTS - AGREEMENT GRANTS ASTELLAS AN RESEARCH AND DEVELOPMENT LICENSE TO CONDUCT ON JVS-100 CANDIDATE, THROUGH PHASE IIA CLINICAL TRIALS.MERCHAVIA HOLDINGS AND INVESTMENTS - AGREEMENT ALSO GRANTS ASTELLAS OPTION TO ACQUIRE JVS-100 FROM JUVENTAS, FOR DEVELOPMENT & COMMERCIALIZATION.MERCHAVIA - UNDER TERMS, ASTELLAS WILL RECEIVE LICENSE FOR RESEARCH AND DEVELOPMENT STAGES OF FUTURE CLINICAL TRIALS, FROM IIA STAGE, INCLUDING FULL FINANCING.