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Mundipharma to develop Novelos's lung cancer compound NOV002

Executive Summary

Drug discovery company Novelos Therapeutics has licensed Mundipharma (an affiliate of Purdue Pharma) exclusive European and Asian rights to its lead project NOV002, in Phase III for stage IIIb/IV non-small cell lung cancer and in Phase II for ovarian and breast cancers. The deal excludes China, Hong Kong, Taiwan, and Macau, where the candidate is already partnered with Lee's Pharmaceutical.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • Includes Royalty or Profit Split Information
    • R&D and Marketing (Licensing)

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