Aveo set to earn more than $1.3 billion in licensing deal with Astellas for cancer drug tivozanib
In another licensing deal that confirms the trend of smallish upfront payments but mega potential rewards, Japanese drug major Astellas (TSE: 4503) has acquired global rights (excluding Asia) to USA-based Aveo Pharmaceuticals (Nasdaq: AVEO) lead cancer product candidate tivozanib, in an accord that could earn a potential $1.3 billion or more for the US firm.
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