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Royalty invests $25 million for development of AML drug
March 30, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Royalty Pharma entered an agreement to acquire royalties on future worldwide sales of vosaroxin, Sunesis’ lead product candidate. Royalty Pharma will pay Sunesis $25 million for certain development milestones. Sunesis is evaluating vosaroxin in a Phase III VALOR trial in patients with first relapsed or refractory acute myeloid leukemia (AML). Royalty Pharma will invest $25 million immediately following interim analysis of the trial in exchange for 3.6% on future sales. If the trial sample size ...
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