Minoryx Therapeutics, a CataloniaBio & HealthTech member, and Sperogenix Therapeutics entered into an exclusive license agreement for the development and commercialization of MIN-102 for the treatment of X-linked adrenoleukodystrophy (X-ALD) in China, Hong Kong and Macau. Currently, there is no treatment for X-ALD.
Under the terms of the agreement, Minoryx will receive an initial upfront payment and pre-defined regulatory and commercial milestone payments of up to €66-million, as well as double-digit royalties on annual net sales.
Marc Martinell, co-founder and CEO of Minoryx, says that "Sperogenix is a company with experience and capabilities in the field of rare diseases in ...