Cancer Therapeutics CRC signs agreement to enable Pfizer to develop novel cancer drugs


Melbourne-headquartered Cancer Therapeutics CRC (CTx) today announced a two-year research collaboration and a license agreement with Pfizer Inc.  

Under the terms of the agreement, Pfizer will gain the rights to two novel pre-clinical cancer programs and CTx will receive US$14.2 million [AUD$20M] upfront payment, up to a potential US$460 million [AUD$648M] in development and sales milestones, as well as royalties on product sales if the program reaches commercialization. The two programs target proteins that are known to play an important role in driving the growth of both solid and blood cancers.

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Finding Cures for Cancer

Our job is to discover promising new small molecule drug compounds and advance them through the high risk early phases of drug development

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