According to a document submitted to the U.S. Securities and Exchange Commission, biotechnology company Regenxbio Inc has confirmed that it will continue, under its existing sublicensing agreement with pharmaceutical giant GlaxoSmithKline, to pay the latter the relevant amounts received from sublicensees.
According to a document submitted to the U.S. Securities and Exchange Commission, biotechnology company Regenxbio Inc has confirmed that it will continue, under its existing sublicensing agreement with pharmaceutical giant GlaxoSmithKline, to pay the latter the relevant amounts received from sublicensees.
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This arrangement clarifies Regenxbio's financial obligations in the commercialization process of related intellectual property, ensuring the continued fulfillment of the agreement terms. This move reflects the stability of the long-term cooperative relationship between both parties and adherence to the established contract terms.
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