C4 Therapeutics Entered into an Exclusive License Agreement with Betta to Develop and Commercialize CFT8919 for Non-Small Cell Lung Cancer
- C4T will receive $35M incl. $10M up front & $25M one-time equity investment, ~$357M in milestones along with royalties on net sales in the licensed territories
- Betta will lead the development, manufacturing & commercialization of CFT8919 (allosteric EGFR L858R degrader) in the licensed territories & is eligible to receive royalties on net sales outside of Greater China. C4T holds the right to develop & commercialize CFT8919 in all territories outside of Greater China
- The IND application of CFT8919 is expected to be submitted to the US FDA in H1’23. CFT8919 is active in vitro and in vivo models of EGFR L858R-driven NSCLC in preclinical studies with broad coverage of on-target resistant mutations & intracranial activity
Ref: Globenewswire | Image: C4 Therapeutics
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