Novartis in-licences radiotherapy candidate from Fujifilm Toyama Chemical

|About: Novartis AG (NVS)|By:, SA News Editor

Novartis (NYSE:NVS) unit Advanced Accelerator Applications S.A. (AAA) inks an exclusive option and license agreement with FUJIFILM Toyama Chemical for global development and commercialization rights (ex-Japan) to FF-10158 for oncology indications.

FF-10158 is small molecule antagonist with high affinity for certain receptors on the surface of cancer cells. AAA plans to develop a "theragnostic" pairing of compounds, including a gallium 68-labeled drug for diagnosis and a lutetium 177-labeled drug for therapeutic use.

Financial terms are not disclosed.

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