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Ono Pharmaceutical, Array BioPharma to Collaborate in Kinase-targeted Drug Discovery.


Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Nov 8, 2005 - (JCNN JCNN Japan Corporate News Network ) - Ono Pharmaceutical (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: 4528) nnounced on November 4 that it has signed a licensing agreement with Array BioPharma, a biopharmaceutical company in Colorado. Under the agreement terms, the two companies will strive to create small molecule drug candidates against a series of kinases selected by Ono.

Ono will handle the clinical development and commercialization of resulting compounds. In addition, the company will provide funding for research, milestone payments and royalties on sales to Array BioPharma.

The two companies aim to introduce high-quality clinical candidate compounds at the earliest date possible.

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Publication:JCNN News Summaries
Date:Nov 8, 2005
Words:112
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