AstraZeneca unit in-licenses Pfizer drug candidate tremelimumab

4 October 2011

Anglo-Swedish drug major AstraZeneca’s (LSE: AZN) US biologics subsidiary MedImmune has in-licensed tremelimumab (CP-675,206), a CTLA-4 monoclonal antibody, from global behemoth Pfizer (NYSE: PFE).

Under the terms of this accord, MedImmune will assume global development rights to tremelimumab and Pfizer will retain the rights to use tremelimumab with specified types of combination therapies. MedImmune plans to explore tremelimumab in a number of potential cancer indications.

Financial terms of the agreement – which is contingent on expiration or termination of the waiting period under the Hart Scott-Rodino Antitrust Improvements Act - were not disclosed.

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