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Tesaro to sell Varubi rights for U.S. and Canada to TerSera for $40M

Published 06/28/2018, 04:15 PM
Updated 06/28/2018, 04:15 PM
© Reuters.  Tesaro to sell Varubi rights for U.S. and Canada to TerSera for $40M
  • Tesaro (NASDAQ:TSRO) will divest North American rights to the oral and intravenous formulations of Varubi rolapitant to TerSera for $40M.
  • Tesaro -0.7% in after-hours trading.
  • TerSera will also pay potential milestones for new indications approved by the U.S. FDA and a percentage of revenue or other proceeds from future licensing transactions in non-oncology uses.
  • Tesaro will continue to commercialized Varuby in Europe and will keep rest-of-the-world rights under a sublicense from TerSera.
  • Deal's expected to close in Q3.
  • Source: Press Release
  • Now read: Reader Inquiry: Has Tesaro Finally Found A Bottom?


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