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BioArctic and Novartis sign an option and license pact
ByAinvest
Tuesday, Aug 26, 2025 1:05 am ET1min read
BioArctic and Novartis sign an option and license pact
Title: BioArctic and Novartis Sign Option and License PactJuly 2, 2025 - BioArctic AB and Novartis have entered into an option and license agreement to explore the potential development of a novel therapeutic candidate for the treatment of cardiovascular disease. The agreement grants Novartis an exclusive option to license BioArctic's technology for the development and commercialization of the candidate [1].
Under the terms of the agreement, BioArctic will receive an upfront payment and milestone-based payments upon the achievement of specific development and regulatory milestones. The option period is set to expire in 2026, with the potential for extension based on mutual agreement [1].
BioArctic's technology focuses on the development of a novel therapeutic approach to cardiovascular disease, which has shown promising preclinical results. The agreement with Novartis represents a significant step forward in the potential commercialization of this technology, which could have a substantial impact on the treatment of cardiovascular conditions [1].
Novartis, a leading pharmaceutical company, has a strong track record in cardiovascular drug development and commercialization. The company's investment in BioArctic's technology underscores its commitment to innovation and the development of new treatments for cardiovascular diseases, which remain a significant global health challenge [2].
This collaboration between BioArctic and Novartis is a testament to the growing importance of public-private partnerships in driving innovation and improving patient outcomes in the field of cardiovascular medicine. As the agreement progresses, it will be crucial to monitor the milestones and the overall progress of the development program to assess its potential impact on the market and patient care.
References
[1] https://finance.yahoo.com/news/leqvio-advances-toward-broader-access-120100054.html
[2] https://www.biospace.com/press-releases/leqvio-advances-toward-broader-access-with-agreement-between-novartis-and-the-pan-canadian-pharmaceutical-alliance
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