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Takeda, Ascentage Pharma Sign Option Agreement

Enter into an exclusive license agreement for olverembatinib, an oral, third-generation BCR-ABL tyrosine kinase inhibitor (TKI).

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By: Charlie Sternberg

Associate Editor

Takeda has signed an option agreement with Ascentage Pharma to enter into an exclusive license agreement for olverembatinib, an oral, third-generation BCR-ABL tyrosine kinase inhibitor (TKI), which is currently in development for chronic myeloid leukemia (CML) and other hematological cancers.   If exercised, the option would allow Takeda to license global rights to develop and commercialize olverembatinib in all territories outside of mainland China, Hong Kong, Macau, Taiwan and Russia.   “T...

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