In one of the largest licensing deals in the Australian biotech industry, Dimerix Limited (ASX: DXB) has sealed an exclusive US licence agreement with USA-based Amicus Therapeutics (Nasdaq: FOLD) for the commercialization of its kidney disease drug candidate DMX-200.
The news sent Dimerix’ shares soaring more than 41% to A$0.68.
Dimerix retains all rights to commercialize DMX-200 in all territories other than those already exclusively licensed. DMX-200 is a small molecule inhibitor of the chemokine receptor 2 (CCR2) under development in a pivotal Phase III study, ACTION3, for the treatment of focal segmental glomerulosclerosis (FSGS) kidney disease.
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