tiprankstipranks
Protagonist Therapeutics Inks Deal with Takeda on Rusfertide
Company Announcements

Protagonist Therapeutics Inks Deal with Takeda on Rusfertide

Protagonist Therapeutics (PTGX) has released an update to notify the public and investors about an entry into a material definitive agreement.

Don't Miss our Black Friday Offers:

Protagonist Therapeutics, Inc. and Takeda Pharmaceuticals USA, Inc. have entered into a Collaboration Agreement for the development, manufacture, and commercialization of rusfertide and other injectable hepcidin mimetics. The agreement stipulates shared development and commercialization responsibilities in the U.S., with Takeda managing these activities elsewhere. Protagonist Therapeutics will lead the Phase 3 VERIFY program, and Takeda will handle pre-commercialization and commercialization activities. Financially, Takeda will pay Protagonist an upfront fee, share profits, and provide milestone payments, with tiered royalties on sales outside the U.S. The agreement includes provisions for Protagonist to opt out of profit sharing and outlines governance structures, exclusivity terms, and conditions for termination.

For further insights into PTGX stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.

Related Articles
TheFlyProtagonist Therapeutics price target raised to $67 from $51 at BTIG
TheFlyProtagonist Therapeutics selects PN-881 as development candidate
TheFlyProtagonist and JNJ say icotrokinra study for PsO meets endpoint
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App