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Otsuka In-licenses Asian Rights to Cancer Drug from Ariad for $77.5 Million

publication date: Dec 26, 2014
Otsuka Pharma of Japan snagged marketing rights to Iclusig® (ponatinib), a leukemia drug developed by Ariad Pharma, for Japan, China and eight other Asian countries. Otsuka will pay $77.5 million upfront plus additional regulatory milestones, and it agreed to fund clinical trials for the drug, except for the Japanese trial that is already underway. Ariad will receive a "substantial" share of net product revenues. Iclusig, a tyrosine kinase inhibitor, is designed to be effective in chronic myeloid leukemia with the T315I mutation, which is resistant to other approved therapies. More details....

Stock Symbols: (TYO: 4768) (NSDQ: ARIA)

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