M&A
confidence high
sentiment positive
materiality 0.65
Tharimmune licenses oral infliximab from Intract Pharma for global development
Canton Strategic Holdings, Inc.
- Exclusive global license (ex-South Korea) to INT-023/TH023, an oral anti-TNF-α monoclonal antibody infliximab.
- Intract received upfront payment, eligible for equity-linked payments, milestones, and mid-single-digit royalties on net sales.
- Tharimmune holds right of first refusal to continue development after Phase 2 trial.
- Option to license Intract's Soteria/Phloral platform for up to four additional targets.
- Oral formulation aims to replace IV infliximab (Remicade) for autoimmune diseases; multibillion-dollar market opportunity cited.