Lytix Biopharma enters milestone agreement with Verrica Pharmaceuticals for its lead candidate LTX-315

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We believe there’s a better way to safely and effectively bring relief to patients, deliver peace of mind to parents and caregivers, and advance accessible therapies to prescribers and payers. Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions. We believe there’s a better way to safely and effectively bring real relief to patients, advancing accessible therapies to prescribers and payers, and providing peace of mind to parents and caregivers. Verrica has in-licensed LTX-315, an oncolytic peptide administered directly to the tumor to induce immunogenic cell death, which may offer a non-surgical option for patients suffering from skin cancer. Verrica is solely responsible for the development, regulatory filings, and commercialization of LTX-315 in dermatology, while Lytix is responsible for manufacturing the active pharmaceutical Lytix is entitled to receive an up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.

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Verrica Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Apr 6, 2021 Verrica Pharmaceuticals Announces Participation in the 20th Annual Company has also entered a worldwide license agreement with Lytix Aug 11, 2020 Lytix Biopharma's lead compound, LTX-315, is administrated intra-tumorally and works by a unique mechanism of action via immunogenic cell Jan 26, 2021 Lytix Biopharma AS has received FDA clearance to initiate a Phase II with Verrica Pharmaceuticals to develop and commercialize LTX-315 Oct 9, 2020 You will have a central role in the company that has entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals to Sep 8, 2020 Form 8-K filed by Verrica Pharmaceuticals Inc. with the security and from Lytix Biopharma in August 2020 Verrica intends to focus initially on Feb 17, 2021 Verrica resubmitted the NDA for VP-102 for the treatment of The Company has also entered a worldwide license agreement with Lytix 3 days ago Tromsø University-based cancer treatment company Lytix Biopharma is major American biotechnology company Verrica Pharmaceuticals.

WEST CHESTER, PA, USA I August 11, 2020 I Verrica Pharmaceuticals Inc. (“Verrica”) (NASDAQ: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into an exclusive worldwide license agreement with Lytix Biopharma AS (“Lytix”) to develop and commercialize LTX-315 for dermatologic

Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions. We believe there’s a better way to safely and effectively bring real relief to patients, advancing accessible therapies to prescribers and payers, and providing peace of mind to parents and caregivers. Verrica has in-licensed LTX-315, an oncolytic peptide administered directly to the tumor to induce immunogenic cell death, which may offer a non-surgical option for patients suffering from skin cancer.

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For more information, visit www.verrica.com.About Lytix Biopharma AS.Lytix is a Norwegian clinical stage immuno-oncology company with a broadly patented oncolytic molecule platform. Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development. LTX-315 is a first-in-class oncolytic peptide that is injected directly into a tumor to induce immunogenic cell death.

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Verrica Pharmaceuticals Inc. has entered into an exclusive worldwide license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology indications. Verrica intends to focus initially on basal cell and squamous cell carcinomas as the lead indications for development. Norska Lytix Biopharma utlicensierar sin läkemedelskandidat LTX-315 till Verrica Pharmaceuticals. Betalningen sker med en upfrontbetalning samt milstolpsbetalningar som tillsammans summerar till 113,5 miljoner dollar. Därtill kommer royalty på eventuell försäljning som börjar på ett lågt tvåsiffrigt tal och sträcker sig upp till ett medelhögt ”teens” (13-19 procent).

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Lytix Biopharma enters milestone agreement with Verrica Pharmaceuticals for its lead candidate LTX-315

Verrica's late-stage product candidate, VP-102, is in development to treat molluscum, common warts and external genital warts, three of the largest unmet needs in medical dermatology. The agreement entitles Lytix Biopharma to up-front payment, contingent regulatory milestones based on achievement of specified development goals, and sales milestones, with aggregate payments of more than $110M, as well as tiered royalty payments in the double-digit teens once Verrica successfully commercializes LTX-315 in dermatologic oncology indications.

Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Oncology Indications

The company has a license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatologic oncology indications. Verrica Verrica Pharmaceuticals Licenses LTX-315, A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharma AS, for the Treatment of Dermatologic Apr 6, 2021 Verrica Pharmaceuticals Announces Participation in the 20th Annual Company has also entered a worldwide license agreement with Lytix Aug 11, 2020 Lytix Biopharma's lead compound, LTX-315, is administrated intra-tumorally and works by a unique mechanism of action via immunogenic cell Jan 26, 2021 Lytix Biopharma AS has received FDA clearance to initiate a Phase II with Verrica Pharmaceuticals to develop and commercialize LTX-315 Oct 9, 2020 You will have a central role in the company that has entered into an exclusive worldwide license agreement with Verrica Pharmaceuticals to Sep 8, 2020 Form 8-K filed by Verrica Pharmaceuticals Inc. with the security and from Lytix Biopharma in August 2020 Verrica intends to focus initially on Feb 17, 2021 Verrica resubmitted the NDA for VP-102 for the treatment of The Company has also entered a worldwide license agreement with Lytix 3 days ago Tromsø University-based cancer treatment company Lytix Biopharma is major American biotechnology company Verrica Pharmaceuticals. 3 dager siden Kreftbehandlingsselskapet Lytix Biopharma vil nå hente kapital som lisensavtale med amerikanske Verrica Pharmaceuticals for LTX-315 i Get the latest Verrica Pharmaceuticals (VRCA) stock price quote with real-time A First-in-Class Oncolytic Peptide Based Immunotherapy, from Lytix Biopharm. 12.08.2020. Lytix Biopharma AS inngår milliardavtale med Verrica Pharmaceuticals Inc. (nasdaq:VRCA) Les mer »; 26.05.2020. Rallybio henter 145 mill.

LTX-315 is a first-in-class oncolytic peptide that is injected directly into a tumor to induce immunogenic cell death. Norwegian biotech Lytix says a licensing deal with Verrica in dermatologic oncology indications gives it commercial validity – and leaves options open in other cancer areas. You may also be interested in LONDON – After 17 years of patient toil, Lytix Biopharma AS has landed the first commercial endorsement of its oncolytic peptide platform, agreeing to a potential $113.5 million deal in which Verrica Pharmaceuticals Inc. will develop the lead product, LTX-315, as a transdermal treatment for skin cancer. BioWorld Deals and M&A Cancer Verrica is a dermatology therapeutics company developing medications for skin diseases requiring medical interventions.