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The biotech firm Nanobiotix has entered a global licensing deal with the Johnson & Johnson subsidiary Janssen Pharmaceuticals. As part of the deal, Janssen will develop and commercialize NBTXR3, a radioenhancer for treating cancer currently in Phase 3 clinical trials. Nanobiotix will get $60 million, split evenly between up-front cash and in-kind support. The agreement also provides for up to $1.8 billion in milestone payments.
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