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ChemGenex Of Australia Seeks Funds To Develop First Drug In U.S.

This article was originally published in PharmAsia News

Executive Summary

Australia's ChemGenex Pharmaceuticals is attempting to raise funds to cover the cost of bringing its first drug to market, omacetaxine mepesuccinate for chronic myelogenous leukemia. The drug is intended for patients who no longer respond to drugs geared to treat the leukemia, and made by Novartis and Bristol-Myers Squibb. ChemGenex seeks to raise enough funding to allow it to apply for U.S. approval by mid-year. (Click here for more



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