RTTNews | Dec 14, 2021 02:03AM EST

02:03 Tuesday, December 14, 2021 (RTTNews.com) - Molecular Partners AG (MOLN), a company focused on a new class of custom-built protein drugs- DARPin therapeutics, said on Tuesday that it has entered into a license agreement with Novartis AG (NVS), to make and sell DARPin-conjugated radioligand therapies or DARPin-RLTs.

According to the license agreement, Novartis will pay $20 million upfront to Molecular Partners. The total deal amount also includes milestone payment of up to $560 million, and up to low double-digit percent of royalties.

Novartis will be responsible for all clinical development and commercialization activities.

The collaboration will allow Molecular Partners to team up with Novartis to discover DARPin-RLTs that target specific tumor associated antigens.

"DARPins have great potential to enable robust, tumor-specific delivery of radioligands owing to their small size, allowing for greater tumor penetration, and high specificity and affinity," the Zrich-headquartered Molecular Partners said in a statement.

Read the original article on RTTNews ( https://www.rttnews.com/3248993/molecular-announces-license-deal-with-novartis-for-at-least-up-to-580-mln.aspx)

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