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Business
Astex Signs with Novartis
December 12, 2005
| A version of this story appeared in
Volume 83, Issue 50
Astex Therapeutics has granted a worldwide license to Novartis for its cell-cycle inhibitor, AT9311, with an option to license a second inhibitor, AT7519, currently in Phase I trials. Both are small molecules that treat cancer. Astex will receive an up-front payment and deferred equity payments of $25 million, with a potential for up to $520 million in fees and equity payments, option payments, and milestones.
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