other material
confidence high
sentiment positive
materiality 0.75
Genprex signs amended exclusive license with Univ of Pittsburgh for diabetes gene therapy, forms subsidiary
Genprex, Inc.
- Entered amended and restated exclusive license with Univ of Pittsburgh for T1D and T2D gene therapy using Pdx1 and MafA genes.
- License includes milestone payments up to approximately $4,825,000 and low single-digit royalties on sales.
- Terminated prior license agreements, including the November 2022 macrophage technology license.
- Formed wholly-owned subsidiary Convergen Biotech, Inc. to focus on diabetes program development.
- Plans to request FDA guidance for IND-enabling diabetes studies by the second half of 2025.