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Gains Phase I oncology candidate
December 18, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
Merck has acquired OncoEthix, a Swiss-based biotechnology company specializing in oncology drug development. With the acquisition, Merck gains an investigational, oral BET (bromodomain) inhibitor, OTX015, currently in Phase Ib studies for the treatment of hematological malignancies and advanced solid tumors. OncoEthix will receive an upfront payment of as much as $110 million and additional milestones of as much as $265 million based on certain clinical and regulatory achievements. BET protein...
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