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Ends investment in cancer drug
January 31, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Teva Pharmaceutical Industries has terminated its collaboration with CureTech, Ltd. The companies were working together on CT-011, a humanized monoclonal antibody being developed as a treatment for hematological malignancies and solid tumors. Teva entered into agreements with CureTech in 2006 and plans to book a noncash charge of $109 million as a result of the impairment of its investment in CureTech. “We are in the process of conducting a disciplined review of our pipeline. As we looke...
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