Onconova & SymBio Ink Deal for Rigosertib
SymBio has an exclusive license to develop and commercialize rigosertib in Japan and Korea. Onconova will receive an undisclosed upfront payment and development milestones, as well as sales milestone payments and royalties.
Onconova Therapeutics and SymBio Pharmaceuticals will collaborate to develop and commercialize rigosertib in Japan and Korea.
Onconova is conducting Phase III trials with rigosertib for the treatment of Myelodysplastic Syndromes (MDS) and solid tumors. The FDA has granted orphan drug designation for the use of rigosertib in MDS, and a Special Protocol Assessment (SPA) for the Phase III trial design.
SymBio has an exclusive license to develop and commercialize rigosertib in Japan and Korea. Onconova will receive an undisclosed upfront payment and development milestones, as well as sales milestone payments and royalties. The two companies will enter into an agreement for the supply of clinical and commercial product.
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