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$30m milestone for Threshold as Merck Serono begins second Phase III trial with TH-302

This article was originally published in Scrip

Executive Summary

Concurrent with Merck Serono's initiation of the Phase III MAESTRO clinical trial in pancreatic cancer, Threshold Pharmaceuticals earned a $30 million milestone payment from Merck KGaA under the terms of their nearly year-old partnership for the South San Francisco-based company's tumor hypoxia-targeting small molecule TH-302.

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