Navigation Links
Selexis SA Sells Rights to Royalty Payments for More Than 15 Biologic Development Programs to Ligand Pharmaceuticals
Date:4/30/2013

GENEVA, April 30, 2013 /PRNewswire/ -- Selexis SA, a serial innovation company focused on drug discovery for lead identification and cell line development for scale-up and manufacturing of therapeutic protein drugs, announced today that it has closed an agreement with Ligand Pharmaceuticals Incorporated to sell potential milestone and royalty payments for more than 15 biologic development programs from Selexis.  

(Logo: http://photos.prnewswire.com/prnh/20120627/LA31604LOGO)

The acquired programs are in various preclinical and clinical stages. Funds from the Ligand deal will be used for R&D to further develop the next generation of SUREtechnology Platform™ products. Torreya Partners acted as financial advisor to Selexis. Selexis currently holds milestone and potential royalty interest payment rights to an additional 14 biologic development programs not included in the Ligand deal.

"With this truly innovative financing solution, Selexis was able to leverage a percentage of potential future revenues to fund, reinforce and expand our SUREtechnology Platform," said Dr. Igor Fisch , CEO, Selexis SA. "The non-diluting funds will support the growth of our products and technologies faster. The Company's SUREtechnology Platform is a powerful engine that continues to fuel royalty opportunities for Selexis." 

About Selexis SA

Headquartered in Geneva, Switzerland, Selexis SA is a global life science company with innovative technologies and world-class expert services for drug discovery, cell line development and scale-up to manufacturing of therapeutic proteins. The Company's SUREtechnology Platform™ is based on Selexis Genetic Elements™ — novel DNA-based elements that control the dynamic organization of chromatin within all mammalian cells and allow for higher and more stable expression of recombinant proteins. Selexis has generated over 1,700 cell lines being used in a variety of programs from drug discovery to late-stage clinical trials.

For more information:

Contact:
Robert Meister
602-953-1716 
robert.meister@selexis.com


'/>"/>
SOURCE Selexis SA
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Selexis Announces Expansion of R&D License Agreement with Amgen
2. Selexis Lubris Partnership Advances Difficult-to-Express Protein Towards Clinic
3. Microsofts Surface Pro Tablet Makes its Debut and Sells Out Fast; the Company was One of the Few to Defy the Dows Loss Yesterday
4. Cerecor Acquires Rights to NR2B Receptor Antagonist from Merck
5. Nephros Announces Rights Offering and Temporary Reduction in Exercise Price for March 2011 Warrants
6. Cerecor Acquires Rights to Merck COMT Inhibitors
7. Topokine Acquires Exclusive Rights to Revolutionary Technology for Manufacturing Topical Fat-Reducing Medications
8. Joe Gibbs Racing, BrightSky Launch Defy Diabetes Movement
9. Americans United for Life Celebrates Win for Illinois Conscience Rights in Case AUL Championed Since 2005
10. China Biologic Products, Inc. Adopts Stockholder Rights Plan
11. Parios Regenerative Sciences, Inc. Licenses Exclusive Rights to Organic Nanotechnology for Skin Repair
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2016)... April 27, 2016 Elekta today ... platform will be the focal point of seven scientific ... European Society for Radiotherapy & Oncology, taking place April ... a state-of-the-art radiotherapy system and a high-field MRI scanner ... see the patient,s anatomy in real time. The MR-linac ...
(Date:4/27/2016)... DELHI , April 27, 2016 ... CSR initiative to save newborns   ... hospital for women & newborns in collaboration with Breast Milk ... launched the first Pasteurized Human Milk Bank, ,Amaara, in Delhi-NCR ... best nutritional food source for infants and should be available ...
(Date:4/27/2016)... , April 27, 2016 ... addition of the  "Global Anesthesia Disposables Market ... http://photos.prnewswire.com/prnh/20160330/349511LOGO ) ,The global anesthesia ... a CAGR of 4.03% during the period ... a major threat to patients, safety. Organizations ...
Breaking Medicine Technology:
(Date:4/28/2016)... (PRWEB) , ... April 28, 2016 , ... Amada Senior ... its newest office in San Antonio – its San Antonio West location. Prior to ... in medical device sales. The grand opening of Amada San Antonio West will take ...
(Date:4/28/2016)... , ... April 28, 2016 , ... A first-time look ... among 18 states studied, the Workers Compensation Research Institute (WCRI) announced, and ... study, CompScope™ Benchmarks for Kentucky, 16th Edition , found that indemnity costs per ...
(Date:4/28/2016)... ... April 28, 2016 , ... ... Cards in the mail from USA Medical Prescription Assistance Program. They are customized ... , Each mailed package will include a ready-to-use, state-themed card and, in the ...
(Date:4/28/2016)... ... April 28, 2016 , ... Boston Laser is now offering a novel ... The treatment consists of the application of Riboflavin, a vitamin, to the cornea. This, ... turn strengthens the cornea to slow the progression of keratoconus. , Keratoconus is the ...
(Date:4/28/2016)... ... April 28, 2016 , ... Today Nimblify, Inc. ... Calendar Exchange , is officially open to all sponsors in the industry. The ... to download into their clinical trial management system (CTMS), which is the site’s ...
Breaking Medicine News(10 mins):