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RedHill Biopharma Ltd.

Drug Names(s): ABC294640, ABC-294640

Description: ABC294640 is an orally available small molecule Sphingosine kinase-2 inhibitor.

Deal Structure: RedHill and Apogee
In March 2015, RedHill Biopharma and Apogee Biotechnology announced that they have entered into an exclusive worldwide license agreement under which RedHill has acquired the rights to the Phase II drug candidate ABC294640 and additional intellectual property rights.

Under the terms of the agreement, RedHill has acquired the exclusive worldwide development and commercialization rights to ABC294640 and additional intellectual property for all indications. RedHill will pay Apogee an upfront payment of $1.5 million, as well as an additional $4 million in potential milestone payments, and potential tiered royalties starting in the low double-digits.

Partners: Apogee Biotechnology Corporation

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