vTv Therapeutics (Nasdaq: VTVT) shares thwarted in the after-market hours to -37.71% to $1.85 after the company revealed that it had signed a worldwide license agreement with Anteris Bio for the world’s first clinical-stage Nrf2 activator compound, HPP971. The biotech investment firm Aditum Bio, co-founded in 2019 by former Novartis executives Joe Jimenez and Dr. Mark Fishman, will focus on developing HPP971 as a new treatment for renal diseases.
HPP971 comes from the company’s portfolio of promising Nrf2 compounds that offer a well-established oral, small-molecule activator of the Nrf2 pathway. Phase 1 studies involving HPP971 have been completed two times to date. In exchange for worldwide development and commercialization rights for the compound, Anteris will pay vTv an upfront payment of $2 million, and vTv may collect milestones worth up to $151 million, in addition to royalties on net sales at a low double-digit rate. Additionally, vTv will be given a minority equity stake in Anteris Bio.
The 2021 Backdoor Crypto Portfolio (free)
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Sponsored