March 1 (Reuters) - Kinnate Biopharma Inc :
* KINNATE BIOPHARMA INC. SELLS ITS INVESTIGATIONAL PAN-RAF INHIBITOR, EXARAFENIB, TO PIERRE FABRE LABORATORIES
* KINNATE BIOPHARMA INC - TRANSACTION IS IN FURTHERANCE OF KINNATE'S PREVIOUSLY ANNOUNCED PURSUIT OF STRATEGIC ALTERNATIVES
* KINNATE BIOPHARMA - ENTERED ASSET PURCHASE AGREEMENT WITH PIERRE FABRE LABORATORIES FOR GLOBAL RIGHTS TO EXARAFENIB AND OTHER PAN-RAF PROGRAM ASSETS
* KINNATE BIOPHARMA INC - PIERRE FABRE LABORATORIES WILL ASSUME 100% OF ONGOING PROGRAM AND COSTS ASSOCIATED WITH ASSETS
* KINNATE BIOPHARMA INC - WILL RECEIVE A TOTAL CONSIDERATION OF UP TO $31 MILLION
* KINNATE BIOPHARMA INC - PIERRE FABRE LABORATORIES WILL ASSUME UP TO $5 MILLION OF TRADE PAYABLES FOR TRANSFERRED ASSETS
* KINNATE BIOPHARMA INC - TRANSACTION IS NOT SUBJECT TO CLOSING CONDITIONS AND CLOSED UPON SIGNING.
* KINNATE BIOPHARMA INC - WILL RECEIVE $30.5 MILLION PAYMENT CONTINGENT UPON EARLIER OF DOSING OF FIRST PATIENT IN FIRST PIVOTAL TRIAL FOR EXARAFENIB
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;))
Comments