Nektar and Daiichi Sankyo link up to market Onzeald Europe

1 June 2016

US biotech firm Nektar Therapeutics (Nasdaq: NKTR) has entered into an agreement with the European subsidiary of Japanese drug major Daiichi Sankyo (TYO: 4568) for Nektar's investigational drug therapy, Onzeald (etirinotecan pegol, NKTR-102), which has completed a Phase III clinical trial (the BEACON study) in patients with advanced breast cancer.

The agreement grants Daiichi Sankyo Europe exclusive rights to market Onzeald in Europe (EEA), Switzerland and Turkey. Nektar Therapeutics will retain rights to the drug in the USA and the rest of the world.

Deal could earn Nektar $80 million plus sales royalties

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