Medicus Pharma Announces Co-Development And License Agreement With Pfizer For CD228-Targeting ADC PF-08046031, Paying $12M Upfront And $15M In One Year; Pfizer Eligible For Over $1B In Milestones Plus Royalties
https://www.sec.gov/Archives/edgar/data/1997296/000106299326004806/form8k.htm
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Why It Matters
Medicus partnered with giant pharma company Pfizer to develop a new cancer medicine together, and Pfizer will get paid extra money if the drug succeeds. When big trusted companies team up on medicine, it usually means they believe in the project.
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