Starpharma rockets on news of new deal with AstraZeneca

7 September 2015

Australian biotech firm Starpharma (ASX: SPL) has signed a licensing agreement with Anglo-Swedish pharma major AstraZeneca (LSE: AZN), news of which pushed the firm’s shares up 21.3% to A$0.74 and giving the company a market capitalization of A$236 million ($164 million).

The agreement enables the development and commercialization by AstraZeneca of compounds directed at a defined family of targets using Starpharma’s DEP drug delivery technology and adds to previous accords between the two companies (The Pharma Letter April 7, 2014). The DEPplatform centers on use of Starpharma’s proprietary dendrimers, with the aim of enhancing the dosing and efficacy characteristics of pharmaceuticals.

Financial terms of the accord

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