Aclaris Therapeutics Announces Exclusive Patent License Agreement With Sun Pharma For Rights Of Deuruxolitinib; Agreement Includes Upfront Payment Of $15M Plus Milestones And Royalties
Portfolio Pulse from Benzinga Newsdesk
Aclaris Therapeutics has entered into an exclusive patent license agreement with Sun Pharma for the rights to Deuruxolitinib. The deal includes an upfront payment of $15M, along with additional milestone payments and royalties.
December 05, 2023 | 9:02 pm
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POSITIVE IMPACT
Aclaris Therapeutics' deal with Sun Pharma for Deuruxolitinib rights includes a $15M upfront payment, milestones, and royalties, which could boost ACRS's financials.
The exclusive patent license agreement with Sun Pharma is a significant financial event for Aclaris Therapeutics. The $15M upfront payment, along with potential milestone payments and royalties, is likely to have a positive impact on ACRS's revenue and could be viewed favorably by investors. This deal could also potentially enhance the company's pipeline and market presence, leading to a positive short-term impact on the stock price.
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