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Array and Genentech enter into collaboration potentially worth more than $700 million
08-10-2011
SHARING OPTIONS:
BOULDER, Colo.—Array BioPharma recently announced an
oncology agreement with Genentech, a member of the Roche Group, for the development of each company's
small-molecule Checkpoint kinase I (ChK-1) program. The programs include
Genentech's compound GDC-0425 (RG7602), currently in Phase I, and
Array's compound ARRY-575, which is being prepared for an
investigational new drug application to initiate a Phase I trial in
cancer patients.
Under the terms of the agreement, Genentech is responsible for all
clinical development and commercialization activities. Array will
receive an upfront payment of $28 million and is eligible to receive
clinical and commercial milestone payments up to $685 million and up to
double-digit royalties on sales of any resulting drugs. Full financial
terms have not been disclosed.
"We're delighted to expand our long-standing relationship with
Genentech, a leading innovator of important new cancer therapies," said
Robert E. Conway, CEO Array BioPharma. "Combining
both companies' programs will maximize our chances for success in
developing and commercializing this novel cancer therapy. We believe
ChK-1 inhibition is a key strategy for enhancing the efficacy of
chemotherapeutic and other agents in cancer patients."
ChK-1 is a protein kinase that regulates the tumor cell's response to
DNA damage often caused by treatment with chemotherapy. In response to
DNA damage, ChK-1 blocks cell cycle progression in order to allow for
repair of damaged DNA, thereby limiting the efficacy of chemotherapeutic
agents. Inhibiting ChK-1 in combination with chemotherapy can enhance
tumor cell death by preventing these cells from recovering from DNA
damage. Both GDC-0425 and ARRY-575 are highly selective, oral ChK-1
inhibitors designed to enhance the efficacy of some chemotherapeutic
agents.
Code: E08101102 Back |
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