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Everest Acquires China/Asia Rights to VenatoRx Drug-Resistant Anti-Infective Drug

publication date: Sep 25, 2018

Everest Medicines II, a US-China in-licensing company, acquired China and Southeast Asia rights to a VenatoRx treatment for drug-resistant infections. The candidate, a cefepime/VNRX-5133 combination, is ready to start global Phase III trials. Founded in 2017 by C-Bridge Capital, Everest is described as a platform for bringing new drugs to China. Previously, Everest acquired China rights to four candidates, including a Tetraphase antibiotic for serious multi-drug resistant infections. Everest was funded with an initial $50 million from C-Bridge Capital. More details....

Stock Symbol: (NSDQ: TTPH)

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