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Versartis Links With Teijin In First Licensing Deal

 
• By Ian Haydock

Versartis has signed the first licensing deal for its long-acting growth hormone product, tapping Teijin as a commercial partner in Japan.

US Japan

The diversified Japanese group Teijin Ltd. is paying $40m upfront to acquire commercial rights in its home market to Versartis Inc.'s long-acting growth hormone somavaratan (VRS-317), in the US firm's first out-licensing deal for the recombinant product.

The alliance is worth up to a further $125m in milestones, split $35m split for development, up to $55m for...

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