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ProStrakan pays GTx $21.7mm for US rights to Fareston

Executive Summary

GTx Inc. (cancer and cancer supportive care therapeutics) has licensed ProStrakan Group PLC, the specialty pharma division of Kyowa Hakko Kirin Co. Ltd., exclusive US rights to the breast cancer drug Fareston (toremifene, 60mg tablets). ProStrakan paid $21.7mm in cash ($19mm net of related expenses).
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Marketing (Licensing)

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