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October 27, 2008
By: Tim Wright
Editor-in-Chief, Contract Pharma
Celgene has terminated its licensing agreement with MethylGene for oncology histone deacetylase (HDAC) inhibitors, including MGCD0103. As a result, MethylGene will reacquire the rights to these programs. MethylGene also announced plans to implement a strategic initiative to focus its resources on the clinical development of its pipeline. As part of the termination, Celgene will continue to support MGCD0103 for 90 days to help with the transition. Celgene acquired the rights to MGCD0103 th...
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