FDAnews Drug Daily Bulletin

EXELIXIS, WYETH IN LICENSE AGREEMENT

Dec. 27, 2005
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Biotechnology firm Exelixis Inc. said Thursday it has agreed to license certain compounds for metabolic disorders to pharmaceutical giant Wyeth for an upfront fee of $10 million. Exelixis, which develops therapeutics for cancer and other diseases, may receive up to $147.5 million in development and commercialization milestones and royalties on the sale of commercialized products.

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