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Novartis Snaps Up Cachexia Candidate On The Cheap As AVEO's Focus Returns to Tivozanib

 
• By Sukaina Virji

AVEO Oncology is seeing the resurgence in its fortunes continue with the signing of a licensing agreement with Novartis for its growth differentiation factor 15 (GDF15) inhibitory antibody AV-380, which is in preclinical development as a potential treatment for cachexia.

AVEO Oncology is seeing the resurgence in its fortunes continue with the signing of a licensing agreement with Novartis for its growth differentiation factor 15 (GDF15) inhibitory antibody AV-380, which is in preclinical development as a potential treatment for cachexia.

The company's share price had almost doubled to $2.30 within 30 minutes of the markets opening (17 August).

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