Morphotek Obtains Exclusive License from Micromet for Antibody to Treat Melanoma and Other Cancers
Under the terms of the agreement, Micromet has received a payment in connection with the exercise of the option by Morphotek and is eligible to receive development milestone payments and royalties on net sales. Morphotek is planning to file an investigational new drug (IND) application later this year and to commence clinical trials in 2008.
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