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Merck to receive $50 million upfront
September 11, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Merck and AstraZeneca have entered a worldwide licensing agreement for Merck’s oral small molecule inhibitor of WEE1 kinase MK-1775, currently in Phase IIa studies in combination with standard-of-care for the treatment of certain types of ovarian cancer. AstraZeneca will pay $50 million upfront and Merck will be eligible to receive future development and regulatory milestones, as well as royalties on sales. AZ will be responsible for all future clinical development, manufacturing and marketing. ...
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