Second Spanish-Singapore link up on marine-based anti-tumor compound
Singapore-based Specialised Therapeutics Asia (STA) has signed an agreement to market lurbinectedin (PM1183), a marine-based anti-tumor compound being developed by Spanish drugmaker PharmaMar (MC: PHM), in Australasia and much of Asia.
The 2.1 million euro ($2.3 million) deal, which will increase in size on regulatory and sales milestones, gives STA the right to sell the drug in Australia, New Zealand and 12 Asian countries including Indonesia, Malaysia, Singapore, the Philippines and Thailand.
"Lurbinectedin has shown anti-tumoral activity in several solid tumors"
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