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AZ pays $100mm up front for rights to Rigel's RA candidate; rights later returned
Feb 2010
Executive Summary
AstraZeneca PLC will pay $100mm up front for exclusive worldwide development, manufacturing, and commercialization rights to Rigel's (small molecules for inflammation, autoimmune diseases, and metabolic conditions) fostamatinib (R788), a spleen tyrosine kinase (Syk) inhibitor that has completed Phase II trials for rheumatoid arthritis in patients who have not responded to prior drug therapies.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Terminated
Deal Type
-
Alliance
- R+D and Marketing-Licensing
- Includes Royalty or Profit Split Information
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AZ pays $100mm up front for rights to Rigel's RA candidate; rights later returned
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