Cambridge, UK-based Mundipharma has bought the global rights to CAP7.1, a novel prodrug of the chemotherapeutic etoposide.
A prodrug is a biologically inactive compound which can be metabolized in the body to produce a drug.
Mundipharma, which partners extensively with companies around the world to help develop and commercialize products, acquired the rights from German oncology specialist CellAct Pharma in a deal worth up to $250 million, including a “double-digit (million dollar)” upfront payment.
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