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BRIEF-Fusion Pharma, AstraZeneca To Jointly Develop Radiopharmaceuticals, Combination Therapies

Published 2020-11-02, 07:07 a/m
© Reuters.
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Nov 2 (Reuters) - AstraZeneca PLC AZN.L :

* FUSION PHARMACEUTICALS ANNOUNCES COLLABORATION WITH ASTRAZENECA TO DEVELOP AND COMMERCIALIZE NEXT-GENERATION RADIOPHARMACEUTICALS AND COMBINATION THERAPIES

* FUSION PHARMACEUTICALS INC - AGREEMENT INCLUDES AN UPFRONT PAYMENT FROM ASTRAZENECA, AS WELL AS FUTURE DEVELOPMENT MILESTONE AND OTHER PAYMENTS

* FUSION PHARMACEUTICALS INC - AGREEMENT INCLUDES AN UPFRONT PAYMENT FROM ASTRAZENECA, AS WELL AS FUTURE DEVELOPMENT MILESTONE AND OTHER PAYMENTS

* FUSION PHARMACEUTICALS INC - FUSION AND ASTRAZENECA WILL JOINTLY DISCOVER, DEVELOP AND HAVE OPTION TO CO-COMMERCIALIZE NOVEL TATS IN UNITED STATES

* FUSION PHARMACEUTICALS INC - BOTH COMPANIES WILL HAVE A 50/50 PROFIT AND LOSS SHARE ON A WORLDWIDE BASIS.

* FUSION PHARMACEUTICALS INC - COMPANIES WILL ALSO EVALUATE POTENTIAL COMBINATION STRATEGIES INVOLVING EXISTING ASSETS IN THEIR RESPECTIVE PORTFOLIOS

* FUSION PHARMACEUTICALS - FUSION WILL CONDUCT PRECLINICAL DEVELOPMENT. ASTRAZENECA WILL CONDUCT AND FUND CLINICAL DEVELOPMENT OF COMBINATION THERAPIES

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