Teva Licenses Cephalon PARP Inhibitor To Checkpoint Therapeutics

Teva Pharmaceutical Industries Ltd. has licensed an oral PARP inhibitor originally developed by Cephalon to Fortress Biotech company, Checkpoint Therapeutics, Inc. one of several subsidiary companies of Fortress Biotech, Inc. Checkpoint will obtain exclusive worldwide rights to develop and commercialize CEP-8983 and its small molecule prodrug, oral PARP (poly ADP-ribose polymerase) inhibitor, CEP-9722, which is in early clinical development for solid tumors.