Chugai and Debiopharm Group Announce an Exclusive License Agreement for Anti Cancer Agent, FF284 (Debio 1347)

Under this license agreement, Chugai will grant Debiopharm an exclusive license to develop and commercialise FF284 (Debio 1347) in all countries worldwide including Japan. Under the same agreement, Chugai will grant a non exclusive license to develop and commercialise a companion diagnostic for FF284 (Debio 1347). According to the terms of the license, Debiopharm and Chugai will collaborate to conduct a Phase I dose escalation study. In return for the license, Chugai will receive an upfront fee, milestone and royalty payments from Debiopharm.

“We are delighted that we have concluded a license agreement for the development and marketing of FF284 with Debiopharm” said Tatsuro Kosaka, President and COO of Chugai. “We will continue to cooperate with Debiopharm in order to deliver FF284 to cancer patients as soon as possible.”

“We are happy to combine forces with Chugai for the development of Debio 1347,” said Rolland-Yves Mauvernay, President and founder of Debiopharm Group™. “Due to its profile, Debio 1347 is expected to become a tailored treatment with high anti tumour activity, which is very promising.”

Media Contact:
Beatrice Hirt Communication Coordinator bhirt@debiopharm.com Tel.: +41 21 321 0111

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