The diversified Japanese group Teijin Ltd. is paying $40m upfront to acquire commercial rights in its home market to Versartis Inc.'s long-acting growth hormone somavaratan (VRS-317), in the US firm's first out-licensing deal for the recombinant product.
The alliance is worth up to a further $125m in milestones, split $35m split for development, up to $55m for...





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