Shuttle Pharmaceuticals Holdings, Inc. (SHPH) has released an update to notify the public and investors about an entry into a material definitive agreement.
Shuttle Pharmaceuticals Holdings, Inc. has acquired the rights to the promising “PSMA-Boron” Invention, aimed at enhancing prostate cancer diagnosis and treatment, through agreements with inventors Alan Kozikowksi, Werner Tueckmantel, and Dr. Anatoly Dritschilo. The inventors will receive initial payments and potential royalties from future commercialization. This acquisition marks a strategic move for the company, eyeing advancement in cancer theranostics, subject to successful research and regulatory approvals. The company’s forward-looking statements indicate plans for the Invention’s development but acknowledge the typical risks and uncertainties inherent in such innovative medical ventures.
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For a comprehensive understanding of the announcement, you can read the full document here.
