Array BioPharma Inc. is gearing up to get the Phase III MEK inhibitor binimetinib all to itself, following development partner Novartis AG’s acquisition of a competing drug in the same class through a broader deal this spring with GlaxoSmithKline PLC.
One of Array’s two Phase III assets, binimetinib, was partnered with Novartis in a co-development and commercialization deal in 2010 [See Deal] worth $45 million upfront plus another $422 million in milestones Also see "Array Biopharma Wins Two Important Deals In Six Months, But Wall Street Shrugs" - Pink Sheet, 10 May, 2010.
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