Evolva to license EV-077 to Serodus
Switzerland-based Evolva Holding (SIX: EVE) and Norwegian biopharma company Serodus (Oslo Axess: SER) have signed a binding term sheet for the clinical development of EV-077, Evolva’s compound targeted at diabetic nephropathy (progressive kidney disease caused by diabetes).
The parties aim to sign a full license agreement no later than December 31 this year, allowing Serodus to initiate the next clinical study on EV-077 in the second quarter of 2014.
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