trending Market Intelligence /marketintelligence/en/news-insights/trending/loCH69m_LU9tK-Ury9DAUw2 content esgSubNav
In This List

Mereo, Oncologie sign $4M upfront licensing deal for ovarian cancer drug

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Mereo, Oncologie sign $4M upfront licensing deal for ovarian cancer drug

Mereo BioPharma Group PLC has signed a licensing agreement with Oncologie Inc. for the development of navicixizumab, which is under evaluation in early clinical trials for treating ovarian cancer.

Oncologie, a privately held biotechnology company based in Waltham, Mass., will receive a worldwide license to develop and commercialize navicixizumab through the deal. Mereo will receive an upfront payment of $4 million, plus an additional payment of $2 million based on a certain chemistry, manufacturing and controls milestone.

Additional payments of up to $300 million will be offered to Mereo based on clinical, regulatory and commercial milestones, plus royalties based on global sales.

U.K.-based Mereo acquired navicixizumab through the 2019 acquisition of OncoMed Pharmaceuticals Inc. The therapy was granted a fast-track designation by the U.S. Food and Drug Administration for a certain type of ovarian cancer in October 2019.