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Takeda Pays Big For De-Risked HutchMed CRC Drug

 
• By Joseph Haas

The Japanese pharma agreed to pay $400m up front plus up to $730m in milestones for a colorectal cancer drug already on the market in China and nearing regulatory filings in the US, EU and Japan.

Gold Dollars
Takeda paid substantial upfront cash for the HutchMed drug • Source: Shutterstock

Takeda Pharmaceutical Co. Ltd. likes the de-risked status of the VEGF inhibitor it has licensed from HUTCHMED (China) Limited as well as the potential the drug offers to expand its global cancer franchise for solid tumors, particularly colorectal cancer, a Takeda exec told Scrip. The Japanese pharma announced on 23 January that it had acquired global development and commercial rights to fruquintinib, except for China, from HutchMed for $400m up front.

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