Biosion Announces Exclusive, Global License Agreement with Aclaris Therapeutics on two potential First-in-Class and Best-in-Class Immunology Assets
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Biosion has entered into an exclusive global license agreement with Aclaris Therapeutics for two immunology assets, BSI-045B and BSI-502. Biosion receives over $40 million upfront and 19.9% of Aclaris' common stock, with potential milestone payments exceeding $900 million. Aclaris will develop and commercialize these assets worldwide, excluding Greater China.
November 18, 2024 | 2:00 pm
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Aclaris Therapeutics has secured a global license agreement with Biosion for two promising immunology assets, BSI-045B and BSI-502. This deal includes a $40 million upfront payment and 19.9% of Aclaris' common stock to Biosion, with potential milestone payments exceeding $900 million. Aclaris will handle the development and commercialization of these assets, which could enhance its product pipeline and market position.
The agreement provides Aclaris with promising assets that could enhance its product offerings and market position. The upfront payment and stock transfer indicate a significant investment, and the potential milestone payments highlight the assets' value. This is likely to positively impact Aclaris' stock in the short term.
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