Merrimack Pharmaceuticals has acquired from PharmaEngine the European and Asian rights to the cancer drug, MM-398 (a nanoliposomal formulation of irinotecan, also known as PEP02), in a deal re-structure that will see the latter receive $220 million in upfront and milestone payments in addition to royalties.
The companies are now making plans to move the compound into global Phase III trials looking at a number of...


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