Aileron Therapeutics And Advancium Health Network Announced An Exclusive Option Agreement For The Acquisition Of ALRN-6924, Developed By Aileron Prior To Its 2023 Merger With Lung Therapeutics
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Aileron Therapeutics has entered an exclusive option agreement with Advancium Health Network for the potential acquisition of ALRN-6924, a drug developed by Aileron. Advancium paid a non-refundable fee for the option and plans to evaluate ALRN-6924 as a treatment for retinoblastoma, a rare eye cancer. If the option is exercised, Aileron could receive additional payments and royalties.
October 31, 2024 | 11:38 am
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Aileron Therapeutics has granted Advancium Health Network an exclusive option to acquire ALRN-6924, a drug targeting retinoblastoma. This agreement could lead to milestone payments and royalties for Aileron.
The agreement with Advancium provides Aileron with a potential revenue stream through milestone payments and royalties if the option is exercised. The focus on a rare cancer with limited treatment options could enhance the drug's value.
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