Pfizer Inc and Scil Technology GmbH (Scil) have signed a licensing agreement with Scil Technology GmbH (Scil) to develop and commercialise CD-RAP, Scil's cartilage specific growth factor.
Under this agreement, Pfizer will obtain a worldwide exclusive license to develop and commercialise CD-RAP. In addition to receiving royalties on the sale of any products that may be commercialised under this agreement, Scil is eligible for upfront and milestone payments of approximately US $250 million depending on the achievement of various development and regulatory milestones.
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