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Chi-Med/AstraZeneca Partnership Starts Phase III Trial of c-MET Inhibitor

publication date: Jun 29, 2017
Hutchison China MediTech (Chi-Med) and AstraZeneca announced the start of a global Phase III trial of their partnered drug, the c-MET inhibitor savolitinib. Savolitinib will be tested in c-MET driven papillary renal cell carcinoma. The trial's start triggers a $5 million milestone payment to Hutchison MediPharma, Chi-Med's novel drug company, according to the terms of the $140 million licensing agreement signed in 2011. The trial will be aimed at approval of savolitinib in the US and Europe. More details....

Stock Symbols: (AIM/NSDQ: HCM) (NYSE: AZN)

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