Myovant inks up to $4.2 billion deal for relugolix
Myovant Sciences (NYSE: MYOV) has entered into a development and commercialization agreement on relugolix - a gonadotropin-releasing hormone (GnRH) receptor antagonist, in oncology and women’s health – in the USA and Canada.
The collaboration is with US pharma giant Pfizer (NYSE: PFE), which will also receive an exclusive option to commercialize relugolix in oncology outside the USA and Canada, excluding certain Asian countries.
Switzerland-based Myovant is a consolidated subsidiary of Japan’s Sumitomo Dainippon Pharma (TYO: 4506), whose share closed up 16.5% at 1,506 yen by close of Tokyo trading today.
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