Dianthus Therapeutics announces exclusive licensing agreement with Nanjing Leads Biolabs for DNTH212
Reuters
Oct 16
Dianthus Therapeutics announces exclusive licensing agreement with Nanjing Leads Biolabs for DNTH212
Dianthus Therapeutics Inc. announced it has entered into an exclusive licensing agreement with Nanjing Leads Biolabs Co., Ltd. for DNTH212, a bifunctional BDCA2 and BAFF/APRIL inhibitor. Under the terms of the agreement, Dianthus will pay Leads Biolabs up to $38 million, including $30 million in upfront and near-term milestone payments and an additional $8 million milestone upon initiation of a Dianthus-led Phase 1 study. Leads Biolabs is also eligible to receive up to $962 million in development, regulatory approval, and sales-based milestones, as well as tiered royalties on ex-Greater China net sales. Dianthus will hold exclusive rights to develop and commercialize DNTH212 globally outside of Greater China. The company estimates a pro forma cash balance of approximately $525 million following the transaction and reaffirms its cash runway into 2028.
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