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Astellas pays Aveo $125mm up front for rights to tivozanib; deal terminated

Executive Summary

Astellas Pharma Inc. has licensed exclusive worldwide rights outside of Asia to develop, manufacture, and sell oncology company's Aveo Pharmaceuticals Inc.’s Phase III cancer compound tivozanib. The Japanese pharmaco paid $125mm up front, a fee that includes $50mm for ongoing R&D.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Terminated
Deal Type
  • Alliance
    • Includes Royalty or Profit Split Information
    • R&D and Marketing (Licensing)

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