Dimerix Receives First Development Milestone Payment From Japan Partner

MT Newswires Live

06-30

Dimerix (ASX:DXB) received the first development milestone payment of 400 million yen from Fuso Pharmaceutical Industries, the exclusive licensee of product candidate DMX-200 in Japan, according to a Monday filing with the Australian bourse.

DMX-200 is being developed for the potential treatment of focal segmental glomerulosclerosis kidney disease, the filing said.

The company may receive additional potential development and regulatory milestone payments of up to 3 billion yen and sales milestone payments of up to 6.8 billion yen, according to the filing.

Shares rose nearly 2% in morning trade Monday.

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