Servier and CTI BioPharma expand agreement for Pixuvri
French independent drugmaker Servier and blood cancer specialist CTI BioPharma (Nasdaq: CTIC) have agreed to expand an existing license and development collaboration agreement related to non-Hodgkin's lymphoma treatment Pixuvri (pixantrone).
Under the terms of the agreement, Servier will have rights to the drug in all markets except the USA, where CTI BioPharma will retain the commercialization rights.
Servier will pay CTI BioPharma 12 million euros ($13 million), with the potential for an additional 76 million euros in additional sales and regulatory milestone payments, as well as royalties on net product sales.
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