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Hutchison MediPharma Inks $140 Million Cancer Deal with AstraZeneca

publication date: Dec 21, 2011
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Hutchison MediPharma announced a new partnership with AstraZeneca that will jointly develop a pre-clinical cancer molecule, volitinib (HMPL-504). Volitinib is a novel inhibitor of the c-Met receptor tyrosine kinase. According to HMP, the drug candidate will soon begin a Phase I trial. AstraZeneca made a $20 million upfront payment, and the agreement calls for up to $120 million in milestones. More details....

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