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AstraZeneca, Chi-Med take kidney cancer drug into final testing
June 29, 2017 / 7:11 AM / 6 months ago

AstraZeneca, Chi-Med take kidney cancer drug into final testing

LONDON (Reuters) - AstraZeneca (AZN.L) and Hutchison China MediTech (HCM.L) said on Thursday they had initiated a global late-stage clinical trial of the experimental drug savolitinib in a relatively rare type of kidney cancer.

A sign is seen at an AstraZeneca site in Macclesfield, central England May 19, 2014. REUTERS/Phil Noble/File Photo

    The launch triggers a $5 million (£4 million) payment from AstraZeneca to the Shanghai-based drugmaker, which is listed in London and is known as Chi-Med. The move underscores Chi-Med’s drive to bring modern Chinese drugs to the international market.

    The Phase III study will test savolitinib in c-MET-driven papillary renal cell carcinoma.

    Reporting by Ben Hirschler, editing by David Evans

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