OncoMethylome Sciences Closes License Agreement With Veridex For Detection Of Prostate Cancer
OncoMethylome Sciences licenses molecular test based on DNA methylation
Under the agreement, Veridex receives an exclusive global license from OncoMethylome Sciences to molecular prostate cancer assays. In addition, both parties have agreed on a development program and an option to license additional assays in the prostate cancer field.
OncoMethylome Sciences will receive an upfront payment, R&D payments, technology milestone payments, several sales milestone payments and royalties on Veridex' sales of the assays. Financial details of the agreement have not been disclosed.
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