McDermott advises PDC*line in license agreement with LG Chem for lung cancer therapeutic vaccine
McDermott Will & Emery advised PDC*line in connection with the signing of a licensing agreement with the Korean pharmaceutical group LG Chem, to develop its therapeutic vaccine against lung cancer in Asia, for a total amount of 108 million euros.
Under the terms of the agreement, the Liège-based biotech PDC*line Pharma will collaborate with LG Chem Life Sciences, the life sciences division of the major conglomerate LG, which will have full rights to development and market the drug candidate for South Korea, as well as an exclusive option in other Asian countries development and marketing rights of the drug candidate for South Korea, along with an exclusive option in other Asian countries.
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