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Novartis Terminates Development Of Aveo Antibody

 
• By Jo Shorthouse

Novartis has walked away from Aveo’s cachexia candidate after a turbulent week in the development of the antibody program, three years after paying $15m for development and commercialization rights.

The End
Relations come to a close between Aveo Oncology and Novartis

The relationship between Novartis AG and Aveo Pharmaceuticals Inc. has come to an abrupt halt after the Swiss major notified Aveo that it would be terminating the license agreement to develop and commercialize its proprietary antibody AV-380.

This comes just days after Aveo notified Novartis about its concerns regarding the progress of the program, on June 28....

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