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Astellas Pharma Inc Enters License Agreement with Cubist Pharmaceuticals, Inc. to Develop and Commercialize Injectable Cephalosporin Antibiotic Cephalosporin CXA 201

Monday, 11 Mar 2013 08:00pm EDT 

Astellas Pharma Inc announced the execution of a license agreement with Cubist Pharmaceuticals, Inc., under which Cubist Pharmaceuticals has an exclusive right to develop and commercialize injectable cephalosporin antibiotic cephalosporin CXA 201 worldwide. In return for the exclusive license to develop and commercialize CXA 201 in the Territory, Astellas is entitled to receive an up-front payment of USD 25 million from Cubist Pharmaceuticals. Astellas is also eligible to receive contingent payments upon the achievement of certain development, regulatory and commercial milestones. 

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18 Apr 2014