PharmaMar signs marketing deal with STA for oncology drug

21 August 2015
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Spanish biotech firm PharmaMar said it has signed a deal with Specialised Therapeutics Australia (STA) to market and distribute its cancer drug candidate Aplidin (plitidepsin) in Australia and New Zealand.

Under the terms of the deal, PharmaMar, a part of the Zeltia group (ZEL: MC), will receive an upfront payment and royalties, as well as additional remunerations for regulatory and sales milestones achieved by Aplidin. PharmaMar will retain exclusive production rights and will supply the finished product to STA for commercial use in Australia and New Zealand.

Aplidin is PharmaMar's second cancer drug candidate and is currently under development for the treatment of multiple myeloma and a type of T-cell lymphoma.

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