Aarvik Therapeutics Announces a Global Novel Payload Agreement with NJ Bio

Aarvik Therapeutics announces a global license and assignment Agreement with NJ Bio, Inc. to secure a class of novel proprietary payloads with a wide range of potencies.

Aarvik has an exclusive license to commercialize the novel proprietary payloads from NJ Bio, as well as any materials or products containing the payloads, and can acquire ownership and all rights upon completion of option payments. As part of the agreement, Aarvik will pay NJ Bio an upfront payment, option payments, as well as future success-based milestone and royalty payments for products utilizing the payloads. NJ Bio will also provide all conjugation services for the payloads. Aarvik will partner with NJ Bio to manufacture materials for preclinical studies and clinical trials.

“We are excited to secure a set of novel payloads for our ADC programs from NJ Bio and to benefit from NJ Bio’s deep chemistry and bioconjugation expertise with ADCs,” said Jagath Reddy Junutula, Ph.D., Co-founder, President, and CEO of Aarvik Therapeutics. “NJ Bio will be an excellent research, development, and manufacturing partner for Aarvik. The payloads from NJ Bio complement the novel therapeutic antibodies from Aarvik.”

“We are thrilled to provide Aarvik with a class of novel payloads for their next-generation ADC program. The ADC development experience and innovative antibodies from Aarvik combined with our bioconjugation and novel linker-payload synthesis expertise can be synergistic. We look forward to a very exciting time with Aarvik to revolutionize ADC therapies for patients with cancer,” said Nareshkumar Jain, President, and CEO of NJ Bio.