- Women’s healthcare company Organon ( NYSE: OGN ) and life science company Cirqle Biomedical announced a research collaboration and license agreement on Thursday to develop and commercialize an experimental contraceptive candidate.
- According to pre-clinical data, the non-hormonal, on-demand contraceptive method discovered by Cirqle has the potential to block sperm transport by topically reinforcing the cervical mucosa.
- Per the terms, Cirqle will be responsible for conducting the pre-clinical studies for the candidate according to a pre-agreed plan.
- Organon ( OGN ) will be entitled to exclusive worldwide rights to develop and commercialize the candidate. In return, Cirqle can receive a $10M upfront payment in addition to milestone payments worth up to $360M and royalties based on net sales.
For further details see:
Organon in pact with Cirqle Biomedical for contraceptive candidate