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Spectrum Pharma gets 'Hanmi-downs' to boost oncology pipeline

 
• By Ian Haydock

Spectrum Pharmaceuticals, best known perhaps for its development of the targeted anticancer treatment, Zevalin (ibritumomab tiuxetan), has bolstered its oncology pipeline through the acquisition of selected rights to Hanmi Pharmaceuticals’ long-acting granulocyte colony-stimulating factor product SPI-2012 (HM10460A). Spectrum has indicated that there are signs of improved activity in the novel formulation over conventional versions of the drug.

Spectrum Pharmaceuticals, best known perhaps for its development of the targeted anticancer treatment, Zevalin (ibritumomab tiuxetan), has bolstered its oncology pipeline through the acquisition of selected rights to Hanmi Pharmaceuticals’ long-acting granulocyte colony-stimulating factor product SPI-2012 (HM10460A). Spectrum has indicated that there are signs of improved activity in the novel formulation over conventional versions of the drug.

The deal, for undisclosed financial terms but which Hanmi noted includes up front, milestone and royalty payments, will see the two companies focusing initially on a joint clinical development programme

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