AFT Pharmaceuticals (AFT) - A licensing deal for Pascomer

07:12 EDT 10 Jul 2019 | Edison Investment Research

Edison Investment Research - Pharmaceuticals & healthcare - AFT Pharmaceuticals: AFT Pharmaceuticals has reported a North American licensing deal for Pascomer, a topical formulation of rapamycin being developed for facial angiofibromas in tuberous sclerosis complex (TSC), to private US-based Timber Pharmaceuticals. Timber will fund clinical development and provide AFT with over US$10m in upfront, development and regulatory milestones, as well as over US$10m in sales milestone payments and royalties. An Investigational New Drug Application has been approved by the FDA. The first of two 120-patient clinical studies is expected to start shortly, with results in 2020.

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