FOSTER CITY (dpa-AFX) - Sprint Bioscience AB (SPRINT.ST) announced the sale of its TREX1 cancer program to Gilead Sciences. The deal includes an upfront payment of $14 million, as well as potential clinical, regulatory, and commercial milestone payments totaling up to $400 million.
'TREX1 has demonstrated significant potential in the pre-clinical phase, and our decision to sell the program, rather than license it, reflects a strategic shift toward more flexible, value-driven exit opportunities,' said Johan Emilsson, CEO of Sprint Bioscience.
Sprint Bioscience is based in Stockholm with operations located in Huddinge.
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