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Tuesday, December 6, 2022

Equillium, Ono in Option and Asset Purchase Agreement for Development, Commercialization of Itolizumab

 Equillium grants Ono an option to purchase rights to itolizumab

Equillium to receive an upfront payment of approximately $26.0M (¥3.5B); eligible to receive up to approximately $138.5M (¥18.7B) in option exercise and milestone payments

Ono to fund Equillium’s continued research and development of itolizumab during the exercise period

Conference call and webcast today at 8:30 a.m. ET

Management will host a conference call to discuss the option and asset purchase agreement with Ono Pharmaceutical Co., Ltd. for analysts and institutional investors, at 8:30 a.m. ET today, December 6, 2022. To access the call, please dial (888) 350-3846 or (646) 960-0251 and, if needed, provide confirmation number 8770084. A live webcast of the call will also be available on the company’s Investor Relations page at www.equilliumbio.com/investors/events-and-presentations/default.aspx. The webcast will be archived for 180 days.

https://finance.yahoo.com/news/equillium-ono-pharmaceutical-announce-exclusive-120000241.html

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