Israel's Medison sets up JV with AltaRex
Israeli biotechnology company Medison Pharma has signed an agreementwith AltaRex Corp to establish a 50:50 joint venture to commercialize OvaRex MAb for the treatment of ovarian cancer and other oncology products in Israel and the Middle East.
AltaRex estimates that in the region covered by the JV, OvaRex alone represents potential sales of some $5 million annually. Medison currently markets products in the region for firms such as Biogen, Sangstat, Beaufour Ipsen, Nycomed Amersham and Antigenics.
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