FDAnews
www.fdanews.com/articles/81636-array-biopharma-and-genentech-expand-strategic-oncology-collaboration

ARRAY BIOPHARMA AND GENENTECH EXPAND STRATEGIC ONCOLOGY COLLABORATION

October 14, 2005

Array BioPharma today announced the second extension and expansion of its collaboration with Genentech, Inc. for the discovery of targeted small molecule drugs for the treatment of cancer.Under the terms of this expanded agreement, Genentech may provide approximately $50 million in research funding to access Array's Drug Discovery Platform over the next three years. Array will be entitled to receive milestone payments based on the selection and progression of clinical drug candidates, as well as royalties on net sales of any products that may result from the collaboration.

Finanzen.net (http://finanzen.net/news/news_detail.asp?NewsNr=341905)