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Therapix Biosciences Ltd.

Drug Names(s): THXRS01, THX RS01, PEA (Palmitoylethanolamide) + THC (Tetrahydrocannabinol), PEA + THC

Description: THX-RS01 was developed based on entourage technology (the entourage effect). The drug combines a synthetic cannabinoid mimetic of PEA (palmitoylethanolamide) with THC.

Deal Structure: Therapix and Dekel
In January 2015, Therapix entered into a binding Term Sheet outlining a licensing and royalty agreement with Dekel Pharmaceuticals, a company focused on the development of drugs where a lower effective dose-response can be achieved via the entourage effect to treat chronic pain and inflammation. Under the agreement, Dekel has granted Therapix the exclusive worldwide right to develop, manufacture and commercialize combination drug therapies based on Dekel's proprietary technology.

In exchange for granting of this right to Therapix, Dekel will receive an upfront license fee, cash or equity payments based on the achievement of specific development milestones, and a time-limited option to purchase Therapix common stock. Additionally, Dekel will receive a royalty based on a percentage of net revenues from the sale of products developed under the license, or fees received by Therapix for any potential sublicense or assignment of the license. The...See full deal structure in Biomedtracker

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