Japanese drugmaker Kaken Pharmaceutical (TYO: 4521) has entered into a license agreement with US healthcare giant Johnson & Johnson (NYSE: JNJ) for the global development, manufacturing and commercialization of a STAT6 program that Kaken is developing.
As a result, Kaken says it will grant J&J an exclusive license for the worldwide development, manufacturing and commercialization of STAT6 program including KP-723, an oral STAT6 inhibitor in preclinical development. Kaken will advance KP-723 to the completion of Phase I clinical trials, after which J&J will conduct the worldwide clinical development and commercialization.
Kaken will retain the commercialization rights in Japan, while J&J will have an option to enter into a co-promotion agreement with Kaken, the company added.
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