Cytori bags Azaya drugs in asset purchase; Woodford offers a mea culpa on Northwest Bio
• Cytori is adding a pair of oncology drugs to its portfolio with the acquisitions of assets from San Antonio-based Azaya. Azaya has been at work on nanoparticle drugs. Their lead program is reserved for ATI-0918, “an off-patent, complex, generic nanoparticle liposomal formulation of doxorubicin hydrochloride, a widely used chemotherapeutic agent often used to treat breast cancer, ovarian cancer, multiple myeloma, and Kaposi’s sarcoma.” Cytori is paying $2 million in stock and paying off a couple of million in debt. Azaya also stands to gain up to $166 million for a variety of milestones and deal contingencies. Cytori says AI-0918 could be ready for launch in Europe in 2019, if everything works out.
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