Chimerix Announces Exclusive Global License Agreement with SymBio Pharmaceuticals for Brincidofovir
Includes All Human Indications Excluding Prevention and Treatment of Smallpox
Under the terms of the agreement,
“This transaction marks an important corporate milestone for
“Furthermore, SymBio’s success in transitioning to a commercial-stage biotechnology company, while simultaneously developing a pipeline of novel molecules in oncology and virology, illustrates the strength of their capability and capacity. SymBio is well positioned to explore worldwide development of brincidofovir beyond smallpox and we are excited by the promise of this partnership,” continued Mr. Sherman.
Locust Walk acted as exclusive transaction advisor and
Chimerix is a development-stage biopharmaceutical company dedicated to accelerating the advancement of innovative medicines that make a meaningful impact in the lives of patients living with cancer and other serious diseases. Dociparstat sodium is an investigational product targeting multiple proteins involved in cancer cell resistance to chemotherapy under development for the treatment of acute myeloid leukemia and other hematologic malignancies. Brincidofovir (BCV, CMX001) is an anti-viral drug candidate in development as a medical countermeasure for smallpox. For further information, please visit the Chimerix website, www.chimerix.com.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include those relating to, among other things, the potential benefits to be derived from the license agreement with SymBio Pharmaceuticals, Ltd., including statements related to the activity profile and opportunities for potential development of brincidofovir (BCV); Chimerix’s ability to develop disease modifying and potentially curative treatments for diseases, including smallpox and AML. Among the factors and risks that could cause actual results to differ materially from those indicated in the forward-looking statements are risks that the benefits of the agreement with SymBio may never be realized; risks that BCV or dociparstat sodium may not obtain regulatory approval from the FDA or foreign regulatory authorities or such approval may be delayed or conditioned; risks that development activities related to BCV or dociparstat sodium may not be completed on time or at all; risks that ongoing or future clinical trials may not be successful or replicate previous clinical trial results, or may not be predictive of real-world results or of results in subsequent clinical trials; risks and uncertainties relating to competitive products and technological changes that may limit demand for dociparstat sodium or BCV; risks that dociparstat sodium or BCV may be precluded from commercialization by the proprietary rights of third parties; and additional risks set forth in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
Source: Chimerix, Inc.