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GENUINE PARTS CO
GENUINE PARTS CO (GPC) Stock News
The latest GPC headlines and market coverage — 1 recent story, updated throughout the day.
- GlobeNewswire Inc.·Neutral
Nxera Pharma Announces Progress of Out-Licensing of GPCR-targeted Program and Participation in Series A Financing
Nxera Pharma has out-licensed a GPCR-targeted program to a newly formed company (NewCo) in a Series A financing round. Under the agreement, Nxera is eligible to receive up to US$275 million in milestone payments and tiered royalties, while retaining rights in Japan and Asia-Pacific territories and holding a significant minority equity stake in NewCo. This follows the successful spin-out model of Orexia Therapeutics/Centessa Pharmaceuticals, which was acquired by Eli Lilly.