EXCLUSIVE: Conduit Pharmaceuticals Inks Licensing Pact With AstraZeneca For Multiple Assets
Portfolio Pulse from Vandana Singh
Conduit Pharmaceuticals (NASDAQ: CDT) has entered into a licensing agreement with AstraZeneca (NASDAQ: AZN) to develop and commercialize three drug candidates. AstraZeneca will receive Conduit shares and a share of sublicense revenues. Conduit plans to conduct Phase 2 trials in 2024.
August 08, 2024 | 10:00 am
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AstraZeneca has entered into a licensing agreement with Conduit Pharmaceuticals, granting exclusive rights to develop three drug candidates. AstraZeneca will receive shares and a share of sublicense revenues.
The agreement allows AstraZeneca to monetize its drug candidates through shares and sublicense revenues, which could positively impact its stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Conduit Pharmaceuticals has signed a licensing agreement with AstraZeneca to develop three drug candidates. This partnership could accelerate Conduit's drug development pipeline and potentially increase its stock value.
The licensing agreement with AstraZeneca provides Conduit with valuable assets and data, which could accelerate its drug development process. This is likely to positively impact CDT's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100