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Clinical Data Inc and CombinatoRx team to develop novel B-cell cancer therapy

Posted on: Fri, 14 Aug 2009 04:32:00 EDT

Symbols: CLDA, CRXX

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The two companies are planning to develop an adenosine A2A agonist
compound in a combination therapy for the treatment of multiple myeloma
and other B-cell cancers.

Under the agreement Clinical Data has licensed its highly selective
adenosine A2A agonist, ATL313, to CombinatoRx. In exchange Clinical
Data has the potential to receive up to USD252m in clinical, regulatory
and commercial milestones, as well as royalties on product sales.

Clinical Data also retains a co-development option, which is
exercisable after review of any Phase IIa study results.

CombinatoRx will be responsible for the preclinical and clinical
development of ATL313 to potentially treat B-cell malignancies.

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For full details on Clinical Data Inc (CLDA) CLDA. Clinical Data Inc (CLDA) has Short Term PowerRatings at TradingMarkets. Details on Clinical Data Inc (CLDA) Short Term PowerRatings is available at This Link.

For full details on CombinatoRx Inc (CRXX) CRXX. CombinatoRx Inc (CRXX) has Short Term PowerRatings at TradingMarkets. Details on CombinatoRx Inc (CRXX) Short Term PowerRatings is available at This Link.

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