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BeiGene Acquires Asia Rights to Mirati Cancer Treatment in $133 Million Deal

publication date: Jan 15, 2018

BeiGene, a Beijing cancer company, in-licensed Asian rights to a clinical-stage lung cancer therapy from Mirati Therapeutics of San Diego. Sitravatinib is a spectrum-selective kinase inhibitor that has shown clinical efficacy in a Phase II trial in combination with a PD-1 checkpoint inhibitor. BeiGene, which will test sitravatinib in conjunction with its own PD-1 candidate, will pay $10 million upfront and up to $123 million in milestones. More details....

Stock Symbols: (NSDQ: BGNE) (NSDQ: MRTX)

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