Molecure Has Signed An Exclusive Licensing Agreement With Ocean Biomedical For Selective YKL-40 Inhibitor Program, Including The Lead Molecule Oat-3912 For Approximately $32M
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Molecure has entered into an exclusive licensing agreement with Ocean Biomedical for its selective YKL-40 inhibitor program, including the lead molecule OAT-3912, for approximately $32 million. This agreement allows for the continued discovery and development of novel YKL-40 modulators.
October 15, 2024 | 11:34 am
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Ocean Biomedical has signed an exclusive licensing agreement with Molecure for the YKL-40 inhibitor program, including OAT-3912, for $32 million. This deal enhances Ocean Biomedical's portfolio in the biotech sector.
The licensing agreement with Molecure provides Ocean Biomedical with access to a promising YKL-40 inhibitor program, potentially enhancing its product offerings and market position in the biotech industry. The financial commitment of $32 million indicates a significant investment in future growth.
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