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Deal Watch: Array Partners With Ono On Cancer Drugs In Japan, South Korea

 
• By Joseph Haas, Jung Won Shin, Alexandra Shimmings, and Anju Ghangurde

French biotechs Servier and ILTOO sign an option agreement for the latter's IL-2 inhibitor for lupus, while Korean biotechs LegoChem and Bridge will team up in idiopathic pulmonary fibrosis.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Below is a roundup of some of the most noteworthy recent transactions. Deal Watch is supported by deal intelligence from Strategic Transactions.

Ono Pharmaceutical Co. Ltd. licensed rights May 31 to develop and commercialize Array BioPharma Inc.'s late-stage oncology drugs, binimetinib and encorafenib, in Japan and South Korea, for an upfront payment of $31.6m

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