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CRWENewswire, Stocks to Watch. Threshold Pharmaceuticals Inc - THLD - reported that a global agreement was signed with Merck KGaA, Darmstadt, Germany, to co-develop and commercialize TH-302, Threshold’s small molecule hypoxia-targeted drug. Threshold will receive an upfront payment of $25 million and could receive up to $35 million in additional development milestones during 2012. Threshold is also eligible to receive a $20 million milestone payment based on positive results from its randomized Phase 2 trial in pancreatic cancer. Total potential milestone payments are $525 million, comprised of $280 million in regulatory and development milestones and $245 million in sales-based milestones.rnrn***********************rnrnTHIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! (Read Full Disclaimer at http://crwenewswire.com/disclaimer). rn
Threshold Pharmaceuticals...
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Added: 108 days ago
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Good Morning, It’s Wednesday December 21st, 2011, I’m Christina Collins with CRWENewswire Stocks In Action. According to a definitive agreement between the companies, Tokio Marine Holdings will acquire Delphi Financial Group Inc - DFG - for a total transaction value of approximately $2.7 billion. Westell Technologies Inc - WSTL - has entered into a definitive agreement to sell its subsidiary Conference Plus, Inc. to a subsidiary of Arkadin S.A.S. for approximately $41 million in cash, subject to certain adjustments. and lastly; Exelixis Inc - EXEL - reported that it has granted to Merck an exclusive worldwide license to its PI3K-delta research and development program. Exelixis will receive an upfront payment of $12 million and be eligible for potential development, regulatory and commercial milestone payments, plus royalties. Thank you for joining me and have a great day! For CRWE Newswire, Stocks In Action, I’m Christina Collins
(DFG, WSTL, EXEL)...
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Added: 153 days ago
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