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Menarini Expands In Cancer With Radius Drug Deal

Elacestrant Is An Oral SERD In Phase III For Breast Cancer

 
• By Kevin Grogan

Although Elonzris, the therapy at the heart of its recent acquisition of Stemline has just been rejected in Europe, Italy's Menarini is pushing on with its expansion in oncology and is paying $30m upfront to get the rights to Radius Health's Phase III hope elacestrant.

Menarini
Menarini under the magnifying glass • Source: Shutterstock

Just over a month after acquiring Stemline Therapeutics, Inc., Menarini Group has further expanded its oncology activities by licensing Radius Health's late-stage breast cancer treatment elacestrant.

The privately owned Italian group is paying the US firm $30m upfront and up to $320m in additional milestones along with tiered low to mid-teen percentage royalties to get rights to elacestrant, an oral selective estrogen receptor degrader (SERD) in development for estrogen receptor-positive (ER+)/human epidermal growth factor receptor 2-negative (HER2-) breast cancer

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