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  • JW Pharma terminates contract after 5 yrs of atopy new drug
  • by Chon, Seung-Hyun | translator Kim, Jung-Ju | Oct 25, 2023 05:25am
Leopharma, Premary primary evaluation indicators not satisfied with clinical phase 2 initial key results
$17 million in down payment not returned. JW's "Review of the development of new indications, etc."
 ¡ã View of JW Gwacheon office building
JW Pharma announced on the 20th that the technology transfer contract for 'JW1601', a treatment for atopic dermatitis, signed with Danish pharmaceutical company Leopharma, has been terminated. The company explained, ¡°We have received a notice of termination of the contract from the Leopharma side and have agreed to return all rights.¡± JW1601 was transferred to Leopharma in the preclinical phase by JW Pharmaceutical in August 2018. The contract size is $42 million. JW Pharmaceuticals is a condition of receiving a non-refundable down payment of $17 million from Leopharma and up to $385 million sequential milestones for clinical development, licensing, commercialization, and sales. With this termination of the contra
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