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GSK returns rights to chemotherapy treatment elesclomol to Synta Pharma
June 15, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
GlaxoSmithKline and Synta Pharmaceuticals will end their collaborative agreement for the clinical development and commercialization of elesclomol, a chemotherapy adjuvant, by September 10, 2009. Worldwide rights to elesclomol will revert to Synta and Synta may pay GSK a low single-digit royalty on any potential future sales of elesclomol. “We appreciate GSK’s contributions to this program and understand their decision,” said Safi R. Bahcall, Ph.D., president and chief executive officer of Syn...
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