Protagonist Therapeutics Announces Amendment of Agreement with Janssen Biotech for the Continued Development and Commercialization of IL-23 Antagonists
The amended agreement provides for the concurrent development of multiple oral IL-23 receptor antagonists against a broad range of indications.
- The amended agreement provides for the concurrent development of multiple oral IL-23 receptor antagonists against a broad range of indications.
- Protagonist remains eligible to potentially receive approximately $900 million in future development and sales milestones, in addition to the $80 million in payments already received under the original agreement.
- Janssen will have the right to continue research on IL-23 receptor antagonists developed during the collaboration for three years from the closing of the Restated Agreement.
- The Company has a worldwide license and collaboration agreement with Janssen Biotech, Inc., for the development of oral peptide IL-23 receptor antagonists.