Breaking News, Collaborations & Alliances

SGX Pharma, Novartis Collaborate to Develop CML Drug

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By: Tim Wright

Editor-in-Chief, Contract Pharma

SGX Pharmaceuticals, Inc. has entered into a license and collaboration agreement with Novartis focused on the development and commercialization of BCR-ABL inhibitors for the treatment of drug resistant Chronic Myelogenous Leukemia (CML). Under the terms of the agreement, SGX will receive from Novartis $25 million in upfront payments and the purchase of SGX common stock. Along with success-based milestones, but excluding royalties, total payments to SGX could exceed $515 million, including a mini...

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