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BioSense Acquires China Rights to Rexahn's Pancreatic Cancer Drug in $226 Million Deal

publication date: Apr 16, 2019

BioSense, a New Jersey-Suzhou biopharma, acquired Greater China rights to a Rexahn treatment for pancreatic cancer in a deal potentially worth $226 million. BioSense, which will fund all development and commercialization costs for RX-3117 in Greater China, also agreed to start Phase II tests in up to three additional indications for RX-3117 not previously studied by Rexahn. RX-3117 is a novel oral small-molecule nucleoside compound that inhibits both DNA and RNA synthesis, which induces apoptosis. More details....

Stock Symbol: (NYSE American: RNN)

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