Takeda to commercialize and develop cabozantinib in Japan

31 January 2017
2019_biotech_test_vial_discovery_big

Takeda Pharmaceutical (TYO: 4502) has entered into an exclusive licensing agreement for the commercialization and further clinical development in Japan of cabozantinib, USA-based biotech firm Exelixis’ (Nasdaq: EXEL) lead oncology medicine.

With the signing of the agreement, Takeda, Japan's largest drugmaker, gains exclusive commercial rights for all potential future cabozantinib indications in Japan, including advanced renal cell carcinoma (RCC), for which cabozantinib is marketed in the USA and European Union as Cabometyx tablets. The two companies will collaborate on the future clinical development of cabozantinib in Japan.

Under the terms of the accord, Exelixis will receive a $50 million upfront payment, and is eligible to receive development, regulatory, and first-sales milestones of $95 million for the first three planned indications. In addition, Exelixis will be eligible to receive royalties on sales by Takeda.

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.

Login to your account

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

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology