Takeda to pay Tesaro up to $340 million for cancer drug rights in Japan

28 July 2017

Japan’s largest drugmaker, Takeda Pharmaceutical (TYO: 4502), has entered into an exclusive licencing agreement with the USA’s Tesaro (Nasdaq: TSRO) for the development and commercialization of the cancer treatment niraparib.

The agreement includes the development of the poly ADP-ribose polymerase (PARP) inhibitor for all tumor types in Japan and rights for indications excluding prostate cancer in South Korea, Taiwan, Russia and Australia.

"The niraparib development program addresses many of the most prevalent and devastating cancers worldwide"

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