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Baxter (BAX) agrees to pay Onconova Therapeutics $50M upfront for the European commercialization...

Baxter (BAX) agrees to pay Onconova Therapeutics $50M upfront for the European commercialization rights for rigosertib, a compound in Phase III trials for treating rare hematologic (blood) malignancies and in Phase II/III trials for pancreatic cancer. Baxter may also pay up to $515M in pre-commercial development and regulatory milestones, as well as sales milestones and royalties. (PR)
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