Structure Therapeutics Inc. announced that its wholly-owned subsidiary, Gasherbrum Bio, Inc., has entered into a material agreement with Genentech, Inc. and F. Hoffmann-La Roche Ltd. Under the agreement, Gasherbrum has granted Genentech and Roche a non-exclusive, sublicensable, royalty-bearing license to certain patents covering a class of oral GLP-1 receptor agonists distinct from aleniglipron. Genentech will make a one-time, non-refundable payment of $100 million to Gasherbrum and will pay royalties at a low single digit rate on net sales of products containing CT-996, a proprietary compound owned by Genentech. The agreement does not affect Structure Therapeutics’ ongoing programs or grant Genentech any patent prosecution or enforcement rights.

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