C4X receives $11m milestone payment from AstraZeneca

Betsy Goodfellow | January 3, 2024 | News story | Sales and Marketing |ย ย AstraZeneca, C4X, C4X Discovery, Chronic Diseasesย 

C4X Discovery Holdings has announced that it has received a milestone payment of $11m from AstraZeneca which has been triggered by the preclinical progress of C4XDโ€™s NRF2 Activator programme.

The license agreement was announced in November 2022, under which C4XD received an initial payment of $2m as well as potentially being entitled to a further $400m in preclinical, clinical development and commercial milestones, alongside tiered mid-single digit royalties on future sales.

Currently, AstraZeneca is working on the development of C4XDโ€™s former NRF2 Activator programme intended to deliver an oral therapy for the treatment of inflammatory and respiratory diseases, although the lead focus is chronic respiratory disease.

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Clive Dix, chief executive officer of C4X Discovery, commented: โ€œThis significant preclinical milestone payment marks the progress AstraZeneca has made in driving the NRF2 Activator programme forward. NRF2 is a challenging target and this achievement provides further validation of our ability to generate differentiated, quality molecules in immuno-inflammation. We believe that our unique approach can deliver transformative oral therapies for patients suffering from immuno-inflammatory diseases. This is a great start to our year and we are confident of seeing further progress across our entire portfolio in 2024.โ€

Betsy Goodfellow

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