On a deal spree, Takeda grabs Japanese cabo rights in $145M pact with Exelixis
A deal-hungry Takeda has stepped up with a $145 million pact to partner with Exelixis on cabozantinib.
Exelixis $EXEL grabbed a $50 million upfront in the deal, and stands to earn another $95 million in milestones, as Takeda takes a lead role in developing cabo for the Japanese market.
“We intend to pursue regulatory approval for (renal cell carcinoma) indications as soon as we’re able, and look forward to commencing the local clinical trial program to further strengthen the clinical profile of cabozantinib,” said Tsudoi Miyoshi, head of Japan Oncology Business Unit of Takeda.
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