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𝐎𝐫𝐮𝐦 𝐓𝐡𝐞𝐫𝐚𝐩𝐞𝐮𝐭𝐢𝐜𝐬 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 $𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐋𝐢𝐜𝐞𝐧𝐬𝐢𝐧𝐠 𝐃𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐕𝐞𝐫𝐭𝐞𝐱 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 Orum Therapeutics Orum Therapeutics, a clinical-stage biotech company pioneering degrader-antibody conjugates (DACs), announced a global, multi-target license and option agreement with Vertex Pharmaceuticals (Nasdaq: VRTX) Vertex Pharmaceuticals. This agreement grants Vertex rights to use Orum’s Dual-Precision Targeted Protein Degradation (TPD²®) technology for discovering novel targeted conditioning agents for gene editing. Vertex will have the option to obtain a worldwide, exclusive license to research, develop, manufacture, and commercialize DACs using Orum’s TPD² technology. Orum will receive an upfront payment of $15 million and is eligible for additional option payments and milestones of up to $310 million per target for up to three targets, plus tiered royalties on future global sales. Vertex will handle all research, development, and commercialization efforts. "Vertex, a leader in innovative medicines and the first to receive FDA approval for a CRISPR/Cas9 gene-edited therapy, has chosen Orum’s TPD² technology to discover novel targeted conditioning agents," said Sung Joo Lee, Ph.D. SJ Lee, CEO and founder of Orum Therapeutics. "This agreement offers potential treatments for patients in a novel indication space with our leading targeted protein degradation approach." #Biotech #ProteinDegradation #GeneEditing #DACs #InnovativeMedicine #HealthcareInnovation #VertexPharmaceuticals #OrumTherapeutics #ClinicalTrials

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