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Novartis gains rights to Cell Therapeutics' Xyotax; rights returned

Executive Summary

Novartis has licensed exclusive worldwide rights to Cell Therapeutics' (developing compounds to treat cancer) Xytotax (poliglumex paclitaxel), a chemotherapeutic in Phase III studies for non-small cell lung cancer (NSCLC) and other types of cancer, including breast, prostate, and ovarian.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
Deal Status
  • Terminated
Deal Type
  • Alliance
    • Co-Promotion
    • Includes Contract
    • Includes Equity
    • R&D and Marketing (Licensing)

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