Threshold to get $30M from Merck KGaA for pancreatic cancer drug trial

01/28/2013 | American City Business Journals

Merck KGaA will pay Threshold Pharmaceuticals a $30 million milestone fee for initiating a Phase III trial of investigational treatment TH-302 in combination with gemcitabine in patients with previously untreated metastatic pancreatic cancer. The trial will involve 660 patients and the main endpoint will be overall survival. TH-302 is also in a late-stage trial against soft tissue sarcoma.

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