MEI Pharma up 77% on license deal for blood cancer candidate [Seeking Alpha]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
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Source: Seeking Alpha
Healthcare|On the MoveMEI Pharma up 77% on license deal for blood cancer candidateApr. 14, 2020 8:10 AM ETMEI Pharma, Inc. (MEIP)Douglas W. HouseMEI Pharma (NASDAQ:agreementOTCPK:KYKOFUnder the terms of the deal, the parties will equally share costs and profits in the U.S. while Kyowa Kirin will have exclusive rights ex-U.S.MEIP will receive $100M in upfront cash, up to $582.5M in milestones and tiered royalties on ex-U.S. sales starting in the teens.ME-401 inhibits an enzyme called phosphatidylinositol 3-kinase delta (PI3Kd) that plays a key role in the activation, proliferation and survival of B cells.A conference call is underway.See all stocks on the move »Now read:DuPont: New Management Reaffirms 2020 EPS, Trims Sales Guidance, Attractive 8% Options Yields »
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