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Aries Science Inks Licensing Deal For Enveric Biosciences' Radiation Dermatitis Topical Product

RTTNews | 398 dagar sedan

Aries Science Inks Licensing Deal For Enveric Biosciences' Radiation Dermatitis Topical Product

(RTTNews) - Biotechnology company Enveric Biosciences (ENVB) and Aries Science and Technology LLC announced Monday a licensing agreement for the clinical development and marketing of Enveric's patented radiation dermatitis topical product.

The product formulation licensed to Aries is protected by an allowed US patent application, as well as a pending PCT application.

Under the terms of the agreement, executed through Enveric's subsidiary, Akos Biosciences, Inc., Enveric will be eligible to receive aggregate milestone payments of up to $61 million, as well as tiered royalties ranging from 2.5% to 10% on future sales, if all conditions are met.

Radiation dermatitis is a side effect of radiation treatment that impacts roughly two million cancer patients per year and has a market opportunity estimated at $400 million annually.

Taggar: ENVB

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Enveric Biosciences Plans About 35 Percent Reduction In Full-time Personnel

Enveric Biosciences Plans About 35 Percent Reduction In Full-time Personnel

Biotechnology company Enveric Biosciences, Inc. (ENVB) announced Monday a cost reduction plan resulting in approximately 40% to 55% decrease in expenses and extension of financial runway into the first quarter of 2024.

RTTNews | 825 dagar sedan

New Zealand Services Index Improves To 48.9 - BusinessNZ

New Zealand Services Index Improves To 48.9 - BusinessNZ

The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.

RTTNews | 6 minuter sedan

Malaysia Bourse Likely To Remain Rangebound On Monday

Malaysia Bourse Likely To Remain Rangebound On Monday

The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may tick lower again on Monday.

RTTNews | 23 minuter sedan

Japan Shares Due For Profit Taking On Monday

Japan Shares Due For Profit Taking On Monday

The Japan stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 43,380-point plateau although investors are likely to lock in gains on Monday.

RTTNews | 38 minuter sedan

South Korea Shares May Be Stuck In Neutral On Monday

South Korea Shares May Be Stuck In Neutral On Monday

Ahead of Friday's holiday for Liberation Day, the South Korea stock market had moved higher in back-to-back sessions, gathering more than 35 points or 1.1 percent along the way. The KOSPI now sits just above the 3,225-point plateau although it m ay spin its wheels on Monday.

RTTNews | 53 minuter sedan

Singapore Export Data On Tap For Monday

Singapore Export Data On Tap For Monday

Singapore will on Monday release July figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. In June, NODX was up 14.3 percent on month and 13.0 percent on year.

RTTNews | 1h 53minuter sedan

Euro Higher Against Majors

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | 2 dagar sedan

TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 2 dagar sedan

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