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Pays $25 million for worldwide development and commercialization license
January 6, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
GlaxoSmithKline has exercised its option to obtain an exclusive worldwide license to further develop and commercialize ChemoCentryx’s investigational drug CCX354 for the treatment of rheumatoid arthritis (RA). ChemoCentryx recently reported positive results from a Phase II trial investigating the safety, tolerability, clinical and biological activity of CCX354 in patients with RA. ChemoCentryx will receive an option exercise fee of $25 million and will be eligible for further regulatory and sal...
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