Two new drugs add harmony to Calithera's precision pipeline
Californian precision oncology company Calithera Biosciences (Nasdaq: CALA) has padded its pipeline with two assets from Japanese giant Takeda Pharmaceutical (TYO: 4502).
Calithera said that both clinical stage compounds have demonstrated single-agent clinical activity, with the greatest potential in biomarker-defined cancer-patient populations.
Takeda will receive $10 million right away, and another $35 million in equity. Calithera has also committed to paying undisclosed development, regulatory and sales milestones, plus royalties.
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