Isofol in line for $100 million from Solasia licensing deal

13 August 2020

Shares in Swedish biotech Isofol Medical (FRA: 5IU) looked set to close more than 30% higher on Thursday.

The company had just announced that it entered into a license agreement with Solasia Pharma (TYO: 4597), a specialized oncology company headquartered in Japan, to develop and commercialize Isofol's proprietary, late-stage drug candidate, arfolitixorin in the Asian country.

Arfolitixorin is being evaluated in the ongoing global Phase III AGENT study, as a first-line treatment for metastatic colorectal cancer (mCRC). The trial is currently being conducted in the USA, Canada, Europe, Australia and Japan.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK