ProMetic & NantPharma to Develop Plasma-derived Biopharmaceuticals
ProMetic has granted NantPro BioSciences rights to its Plasma Protein Purification System and Prion Reduction technologies for the exclusive development and commercialisation of a plasma-derived biopharmaceutical product for the US market.
Canadian biopharmaceutical firm ProMetic Life Sciences and NantPharma of the US have formed a biopharmaceutical company called NantPro BioSciences, to develop and commercialise a plasma-derived biopharmaceutical product for the US market.
Under these agreements, ProMetic has granted NantPro BioSciences rights to its Plasma Protein Purification System (PPPS) and Prion Reduction technologies for the exclusive development and commercialisation of a plasma-derived biopharmaceutical product for the US market.
The agreements provide ProMetic with rights to the biopharmaceutical product for markets outside the US, subject to payment of royalties by ProMetic to NantPro arising from ProMetic sales outside the US.
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