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AVEO earns $2M milestone from EUSA Pharma on Fotivda launch in Germany

Published 11/15/2018, 09:13 AM
© Reuters.  AVEO earns $2M milestone from EUSA Pharma on Fotivda launch in Germany
AVEO
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  • AVEO Oncology (NASDAQ:AVEO) nabs a $2M milestone payment from licensee EUSA Pharma triggered by the commercial launch and establishment of reimbursement of FOTIVDA (tivozanib) in Germany for first-line advanced renal cell carcinoma (RCC) in adult patients who have not received a vascular endothelial growth factor receptor (VEGFR) inhibitor or an mTOR pathway inhibitor and have progressed after one prior treatment with cytokine therapy.
  • Tivozanib is an oral, once-daily, vascular endothelial growth factor (VEGF) tyrosine kinase inhibitor (TKI). It is designed to optimize VEGF blockade while minimizing toxic side effects.
  • Shares are down 2% premarket on light volume.
  • Now read: IBI Research On Exelixis: A Stellar Growth Stock With Many Developments


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