Verastem Oncology Entered into a Discovery and Development Collaboration with GenFleet to Advance Three Programs Targeting RAS Pathway-Driven Cancers
- GenFleet will receive $11.5M in up front, research & option fees for the initial RAS-targeted program. The deal could total $625.5M excl. royalties, if Verastem exercises the option to in-license 2 other programs
- Verastem gets an exclusive right to obtain a license to each of the compounds after completion of pre-determined milestones in P-I trials & also gets the development & commercialization rights outside of China. GenFleet retains development and commercialization rights inside China
- The collaboration strengthens Verastem’s expertise with GenFleet’s discovery capabilities & enhances GenFleet's global footprint to deliver therapies to cancer patients. The collaboration helps to identify new combination approaches with Verastem lead assets, avutometinib & defactinib
Ref: Businesswire | Image: Verastem
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