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Taipei Medical University In-Licenses Cancer Drug from US Biotech

publication date: Jan 5, 2016
Taipei Medical University has licensed Asian rights to a cancer drug candidate developed by Lixte Biotech of New York state. TMU will conduct a clinical trial of Lixte's LB-100 in patients with hepatocellular carcinoma (HCC) in compliance with Taiwanese and US requirements. TMU agreed to pay milestones and royalties as part of the agreement. In an unusual note, both parties acknowledged that, because HCC is a difficult cancer to treat, success is not guaranteed. More details....

Stock Symbol: (OTCQB: LIXT)

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