Cyprumed Enters License and Option Agreement with MSD for the Development of Oral Peptide Therapeutics [Yahoo! Finance]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Yahoo! Finance
Cyprumed will be eligible to receive up to $493 million in upfront, development, regulatory and sales milestones INNSBRUCK, Austria, April 15, 2025 (GLOBE NEWSWIRE) -- Cyprumed GmbH, a dedicated drug delivery company specializing in innovative oral peptide formulations, and MSD (tradename of Merck & Co., Inc., Rahway, N.J., USA), today announced that the companies have signed a Non-Exclusive License and Option Agreement to develop oral formulations of MSD's peptides using Cyprumed's innovative drug delivery technology. Under the terms of the agreement, MSD gains non-exclusive global rights to Cyprumed's oral peptide delivery platform for an undisclosed number of targets. The agreement also grants MSD the option to exclusively license Cyprumed's technology for use with individual targets. Cyprumed will be eligible to receive up to $493 million in upfront, development, regulatory and net sales milestones associated with the approval of any products under the collaboration. Cyprumed
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