Sprint Bioscience AB (publ) announces that the company has licensed its cancer drug program Vps34 to Deciphera Pharmaceuticals. The license agreement covers exclusive global rights to the program. The agreement has a total potential value of up to USD 277 million, plus additional tiered percentage royalties ranging from the mid-single-digits to the low-double-digits on the sales of a future drug from the program, if approved. On signing of the agreement, Sprint Bioscience will receive an upfront payment of USD 4 million, which will be entered into the accounts for the third quarter of 2021. In addition to the upfront payment, Sprint Bioscience is entitled to payments linked to predefined milestones during the project's further development, regulatory process and commercialization of a drug. With the upfront, the total value of these payments amounts up to USD 277 million. Should the program result in an approved drug, Sprint Bioscience is also entitled to tiered percentage royalties ranging from the mid-single-digits to the low-double-digits on the sales of a future drug from the program, if approved.