Shots:

• Taiho and Astex to receive $50M up front- up to $2.5B milestones based on preclinical- clinical- regulatory and sales plus royalties on sales. Merck (MSD outside the United States and Canada) to get exclusive worldwide rights to commercialize Taiho and Astex’s therapies and will also fund the R&D activities
• Additionally- the companies will combine their respective preclinical candidate plus the data with knowledge and expertise from their respective research programs. Taiho to get co-commercialization rights in Japan with an option to promote in certain areas of South East Asia
• The companies are focused on the development of multiple targeted therapies including KRAS oncogene- further accelerating the global R&D of therapies which are targeted to treat cancer

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Ref: GlobeNewswire | Image: Merck