Dainippon Sumitomo licenses cancer drug from Boston Biomedical for up to $100 million

8 April 2011

In a fourth product rights acquisition in a matter of two weeks, Dainippon Sumitomo Pharma (4506: JP) has signed a product option license deal with the USA’s privately-held Boston Biomedical (BBI) for the latter’s BBI608 for all oncology indications in Japan and exclusive right of negotiation for the compound for the USA and Canada.

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