Pieris inks a licensing deal for Japan; Kindler joins Pharma Two B board with $30M raise; Ampio plots new pain study
→ Boston-based Pieris $PIRS has optioned a licensing pact giving ASKA Pharmaceutical development and commercialization rights for the anemia drug PRS-080 in Japan and certain other Asian markets. Pieris gets a $2.75 million option payment on the deal, and if ASKA agrees to formally sign on after looking over Phase IIa data, then Pieris will be in line for up to $80 million in milestones. “We are pleased to have found a very committed partner for PRS-080 in a key Asian market,” said Stephen Yoder, the CEO of Pieris. “Importantly, this deal enables us to invest in improving drug manufacturing efficiencies while conducting our Phase 2a trial to enable seamless drug supply for future clinical studies by ASKA and other partners we may seek in other territories, as we focus our proprietary pipeline in immunology-related areas for long-term value creation.”
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