Everest Signs a License Agreement with Providence to Advance mRNA Vaccines

Shots:

  • Providence to receive $100M up front for Providence’s PTX-COVID19-B, mRNA technology & other products, ~$300M upon achievement of milestones, $100M in profit-sharing along with royalties in Greater China & Singapore. Providence is also eligible to receive royalties based on vaccine sales in Everest Territories
  • Everest gains rights to Providence’s PTX-COVID19-B in Greater China, Asia, Pakistan & other countries. PTX-COVID19-B is currently in P-II trials while interim data from the P-I study showed that the vaccine is safe & well tolerated
  • The companies also enter into a 50/50 global collaboration to develop 2 additional prophylactic or therapeutic products by using Providence’s mRNA Platform

Click here to read full press release/ article | Ref: PR Newswire | Image: Crunchbase

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