Takeda Acquires Intellikine to Boost Oncology Pipeline
The transaction is expected to be finalised in January 2012 under an agreement worth $190m upfront and up to $120m in additional potential clinical development milestone payments.
Takeda has acquired molecule specialist Intellikine through its Takeda America Holdings subsidiary. The move will add two oncology candidates to Takeda's drug pipeline.
The transaction is expected to be finalised in January 2012 under an agreement worth $190m upfront and up to $120m in additional potential clinical development milestone payments.
Intellikine's most advanced drug candidate, INK128, a novel mTORC1/2 inhibitor, has generated encouraging data in multiple Phase I studies. It is expected to enter Phase II studies in 2012.
INK1117, a novel and selective inhibitor of the PI3Ka isoform, entered human clinical testing in September 2011.
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