Baxalta pulls out of potential $565 million deal with Onconova

7 March 2016

US biotech firm Onconova Therapeutics (Nasdaq: ONTX) says that partner Baxalta (NYSE: BXLT) has decided to terminate its development and license agreement for rigosertib, Onconova’s lead development candidate, with the news sending the latter’s share tumbling 13.4% to $0.40 on Friday.

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