Product Licensing

Nuvelo licenses rNAPc2, an anticoagulant

Published in Gene Therapy Weekly, March 11th, 2004

Nuvelo, Inc., (NUVO) announced a worldwide licensing agreement with Dendreon Corp. (DNDN) for Dendreon's novel anticoagulant, recombinant nematode anticoagulant protein c2 (rNAPc2) and all other rNAPc proteins.

Under the terms of the agreement, Nuvelo will pay to Dendreon in cash and common stock an upfront payment of $4 million. In addition to the upfront payment, the agreement provides for milestone payments for development and royalties upon the commercialization of rNAPc product candidates. Nuvelo will own worldwide rights to all indications for rNAPc products. No additional financial terms were disclosed.

"Given Dendreon's focus on oncology...

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Source: Gene Therapy Weekly (2004-03-11)

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