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Araxes to receive upfront payment and R&D funding, eligible for royalties
February 27, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Araxes Pharma has entered into an exclusive agreement with Janssen Biotech to develop first-in-class therapeutics against a certain target for the treatment of cancer. The drug candidates include a PI3Kdelta/gamma inhibitor, a TORC1/2 inhibitor and a PI3Kalpha inhibitor. Araxes will advance its program through Phase I to clinical proof-of-concept. Janssen Biotech will then have sole responsibility for the continued development and worldwide commercialization of products arising under the agre...
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