Heptares earns milestone payment from AstraZeneca
UK-based Heptares Therapeutic says it has achieved an important milestone in its immuno-oncology collaboration with AstraZeneca (LSE: AZN), which is focused on the development of AZD4635 (HTL-1071) as a potential new treatment for a range of cancers.
As a result, Heptares, a wholly owned subsidiary of Japan’s Sosei Group (TYO Mothers Index: 4565), has been notified today that the achievement has triggered a $12 million payment from AstraZeneca.
AZD4635 is a potent and selective, orally available, small molecule adenosine A2A receptor antagonist discovered by Heptares and licensed to AstraZeneca in 2015.
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