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Alteogen Signs Deal With Novartis Worth Up to 4.4 Trillion Won

Novartis logoNovartis
Sig3.17Sen+3.71Env+0.05Soc+0.56Gov+0.58
Alteogen logoAlteogen
Sig3.73Sen+6.96Env0.00Soc+0.51Gov+0.72

Alteogen said it signed an option and licensing agreement with Novartis valued at up to 4.4 trillion won to develop and commercialize subcutaneous formulations using its ALT-B4 technology. Novartis gets exclusive, multi-option rights for multiple products, with milestone-based potential payments and royalties on net sales. ALT-B4 enables injectable biologics to be converted for easier SC delivery.

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