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Baxter pays $60mm up front for exclusive rights to CTI's Phase III pacritinib; rights returned

Executive Summary

Baxter International Inc. licensed exclusive rights to develop and sell oncology firm Cell Therapeutics Inc.’s pacritinib, a Phase III JAK2/FLT3 inhibitor for myelofibrosis, leukemia, and solid tumors. The companies will co-promote in the US. CTI originally gained global pacritinib rights from SBIO in April 2012.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Terminated
Deal Type
  • Alliance
    • R+D and Marketing-Licensing
    • Includes Equity
    • Includes Royalty or Profit Split Information
    • Co-Promotion

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