Cell Therapeutics Signs Deal With Norvatis
lokety | 19 Sep 2006 | Posts | 436 views
Cell Therapeutics (CTIC) has signed a worldwide licensing deal with Norvartis worth US$285M. This agreement will see Norvatis assisting in the development and commercialisation of Cell Therapeutics’ flagship drug, XYOTAX. The amount includes US$15M equity investment in the drug development company as well.
Cell Therapeutics traded up 13 cents or 6.67% on Monday to $2.08.
Technorati Tags: cell therapeutics, ctic, xyotax, licensing deal, agreement, novartis, drug, cancer, investment
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