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BioNxt acquires exclusive rights to a new sublingual oncology drug, with plans for development and European commercialization.
BioNxt Solutions Inc. has signed a letter agreement with a European chemotherapy company to acquire exclusive intellectual property rights for a novel sublingual drug formulation intended for oncology and immunosuppressant treatments.
Under the agreement, BioNxt will lead development, including patent filings and clinical studies, with the partner receiving a 20% royalty on third-party license fees, capped at $50 million.
The companies aim to finalize a definitive agreement within 60 days.
The move supports BioNxt’s existing sublingual thin-film program for multiple sclerosis and aligns with the projected $61.05 billion global immunosuppressant market in 2025.
The company plans to file provisional patents by year-end and continues advancing drug delivery platforms in North America and Europe, with commercialization focused on European markets.
BioNxt adquiere los derechos exclusivos de un nuevo fármaco sublingual para la oncología, con planes de desarrollo y comercialización en Europa.