Germany's Wilex gets UCB milestone by filing for Ph I of WX-554

5 August 2009

German biopharmaceutical firm Wilex has filed an application with the German Federal Institute for Drugs and Medical Devices (BfArM) for the approval of a Phase I trial with the MEK inhibitor WX-554 and has received the confirmation of receipt. This marks the achievement of the first milestone agreed as part of the strategic alliance with Belgium's UCB Pharma for which WILEX is now eligible for an agreed payment of EUR 5 million euros ($7.2 million).

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