Qualigen Therapeutics Ends Deal with Pan-RAS Holdings

The latest update is out from Qualigen Therapeutics Inc (QLGN).

A Termination Agreement was finalized on March 25, 2024, ending a prior arrangement with Pan-RAS Holdings that would have allowed exclusive licensing and technology transfer of a RAS inhibitors drug development program. The original agreement, potentially beneficial for both parties, included a $1 million upfront fee and a share of sales royalties for RAS products. However, Pan-RAS Holdings failed to meet the closing deadline of March 16, 2024, resulting in the termination of the deal without liability to either side.

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