(RTTNews) - Regor Pharmaceuticals USA has entered into a definitive purchase agreement, under which Genentech, a member of the Roche Group, will acquire a portfolio of next-generation CDK inhibitors from Regor for the treatment of breast cancer. Regor will receive an upfront cash payment of $850 million and is eligible to receive additional cash payments. Genentech will be responsible for clinical development, manufacturing and commercialization.
Regor Pharmaceuticals USA is part of Regor Therapeutics Group, a clinical-stage biotechnology company developing clinically differentiated medicines to address large unmet needs in oncology, metabolism and auto-immunity.
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