Quantum Genomics signs an exclusive license agreement with Teva Israel Ltd.
November 25 2021 - 12:00PM
Quantum Genomics (Euronext Growth
– FR0011648971 – ALQGC), a
biopharmaceutical company specializing in the development of a new
drug class directly targeting the brain to treat
difficult-to-treat/resistant hypertension, has today announced the
signing of an exclusive license agreement with Teva Israel Ltd. – a
subsidiary of Teva Pharmaceutical Industries Ltd. to market
firibastat in Israel.
A global pharmaceutical company founded and
headquartered in Israel, Teva will receive exclusive marketing,
selling and distribution rights for resistant and
difficult-to-treat hypertension in its home market.
Quantum Genomics will receive payments of up to
$11 M and 25% minimum up to 30% royalties on future firibastat
sales.
"Teva is now one of the world’s largest
pharmaceutical companies. Its expertise and reputation are beyond
doubt, as shown by its incredible management of the Covid-19
vaccination campaign in Israel. We’re proud to be partnering one of
the pharmaceutical industry’s biggest successes, which is sure to
make firibastat a leading technology in its category. We’re already
talking about extending this exclusive license to new territories
where Teva operates," said Jean-Philippe Milon, CEO of Quantum
Genomics.
"We are very pleased to collaborate with Quantum
Genomics in order to tackle together a substantial unmet need and
introduce firibastat an innovative treatment to our Israeli
patients suffering from resistant and difficult-to-treat
hypertension," said Yossi Ofek, CEO of Teva Israel Ltd. and
Cluster Head of Israel, Ukraine, South Africa & MEA.
"Teva Israel has a robust and wide medicine portfolio, which
consists of hundreds of generic, specialty and OTC medicines
supporting most of Israel's medical needs, firibastat is an
important addition to our value proposition in the field of
cardiovascular diseases."
About TEVA
Teva Pharmaceutical Industries Ltd. (NYSE and
TASE: TEVA) has been developing and producing medicines to improve
people’s lives for more than a century. We are a global leader in
generic and specialty medicines with a portfolio consisting of over
3,500 products in nearly every therapeutic area. Around 200 million
people around the world take a Teva medicine every day and are
served by one of the largest and most complex supply chains in the
pharmaceutical industry. Along with our established presence in
generics, we have significant innovative research and operations
supporting our growing portfolio of specialty and biopharmaceutical
products. Learn more at www.tevapharm.com.
About Quantum Genomics
Quantum Genomics is a biopharmaceutical company
specializing in the development of a new class of cardiovascular
drugs, based on the Brain Aminopeptidase A Inhibition (BAPAI)
mechanism. It is the only company in the world to pursue this
innovative approach directly targeting the brain, founded upon more
than twenty years of research work by Paris-Descartes University
and the INSERM/CNRS laboratory led by Dr. Catherine Llorens-Cortès
at the Collège de France. Quantum Genomics thus aims to develop
innovative treatments for complicated or even resistant
hypertension (in approximately 30% of patients it is poorly
controlled or treatment failure occurs), and heart failure (one in
two patients diagnosed dies within five years).
Based in Paris and New York, the company is
listed on the Euronext Growth market in Paris (FR0011648971 –
ALQGC) and the US market OTCQX (symbol: QNNTF).
More information on www.quantum-genomics.com,
our Twitter and LinkedIn accounts
Contacts
Quantum Genomics |
contact@quantum-genomics.com |
|
Edifice Communication (EUROPE) |
Financial and Media
Relationsquantum-genomics@edifice-communication.com |
|
LifeSci (USA) |
Mike TattoryMedia Relations+1 (646) 751-4362 –
mtattory@lifescipublicrelations.com |
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