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BeiGene to commercialize Mirati's sitravatinib in Asia

Published 01/08/2018, 01:13 PM
© Reuters.  BeiGene to commercialize Mirati's sitravatinib in Asia
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  • BeiGene (BGNE -1.3%) inks an agreement with Mirati Therapeutics (MRTX -6.4%) securing exclusive rights to develop, manufacture and commercialize the latter's sitravatinib in Asia (except Japan), Australia and New Zealand.
  • Under the terms of the agreement, BeiGene will pay MIrati $10M upfront, up to $123M in milestones and royalties on net sales in the territory.
  • Sitravatinib is a tyrosine kinase inhibitor in development for the treatment of a range of solid tumors.
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