other material
confidence high
sentiment positive
materiality 0.85
Structure Therapeutics licenses GLP-1 patents to Genentech for $100M upfront
Structure Therapeutics Inc.
- Gasherbrum Bio (Structure sub) grants non-exclusive license to Genentech/Roche for CT-996 GLP-1 RA.
- Genentech pays $100M one-time non-refundable fee within 30 days; plus low single-digit royalties.
- License covers patents distinct from aleniglipron; Structure's own GLP-1/dual agonist programs unaffected.
- Either party may terminate for uncured material breach; Gasherbrum can terminate if GNE challenges patents.