'Inbound interest' for Ignyta's taladegib in skin cancer

24 March 2017

US-based biopharmaceutical company Ignyta (Nasdaq: RXDX) says it has received offers for a potential sub-licensing deal, or sale, related to oncology candidate taladegib.

Ignyta, which acquired the franchise from Eli Lilly (NYSE: LLY) in 2015, has revised the terms of its agreement with the pharma major to permit such a deal.

Taladegib is a small molecule antagonist that has achieved clinical proof-of-concept and a recommended Phase II dose based on results from prior clinical studies.

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