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NIPPON KAYAKU BUYS ASIA RIGHTS TO BLADDER CANCER DRUG

Posted on: Mon, 16 Nov 2009 00:05:00 EST

Symbols: SPPI, NPKYF

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TOKYO, Nov 16, 2009 (AsiaPulse via COMTEX) --
SPPI | Quote | Chart | News | PowerRating -- Nippon Kayaku Co. (TSE:4272) has
gained development and marketing rights in Asia except South
Korea to a bladder-cancer agent from U.S. company Spectrum
Pharmaceuticals Inc.

Spectrum is currently in phase III clinical trials in Europe
and the U.S. with apaziquone for post-surgical treatment of
bladder cancer following transurethral tumor removal.

Nippon Kayaku made a one-time payment of US$15 million for
the development and marketing rights to the candidate drug and
hopes to begin phase I trials in Japan in 2010. The company
will pay Spectrum royalties on any sales that result.

For Nippon Kayaku, the licensing deal is another step in a
broader strategy of expanding its line of cancer drugs.

(Nikkei) rw

For full details on Spectrum Pharm Inc (SPPI) SPPI. Spectrum Pharm Inc (SPPI) has Short Term PowerRatings at TradingMarkets. Details on Spectrum Pharm Inc (SPPI) Short Term PowerRatings is available at This Link.

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

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