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China’s Ascepion Out-licenses Cancer Drug Candidate to Debiopharm

Jun. 17, 2012

The Swiss-based Debiopharm Group, a global biopharmaceutical conglomerate, and Ascepion Pharmaceuticals, a Chinese privately-held biopharmaceutical company, have entered into an exclusive worldwide license agreement concerning the development and commercialization of ASP-08126, a multikinase inhibitor currently in pre-clinical development. ASP-08126 is a potent orally available small molecule that binds and inhibits several tyrosine kinase oncogenes implicated in many aspects of cancer development including tumor growth, metastasis, and tumor angiogenesis. ASP-08126 is expected to be effective in the treatment of various solid tumors as a mono-therapeutic agent or in combination with other anti-cancer therapies.