MediGene acquires Munich Biotech's anticancer drugs and technology

Published: 19-Aug-2004

German-American biotech company MediGene has acquired the anticancer drug candidates and platform technology from Munich Biotech (MBT).


German-American biotech company MediGene has acquired the anticancer drug candidates and platform technology from Munich Biotech (MBT).

This further expands MediGene's own drug pipeline, in particular by the drug candidate MBT-0206, which has already gone through several Phase I clinical trials in different cancer indications, on more than 120 patients.

Following successful completion of further clinical development and marketing authorisation, the annual peak sales potential of this product that is based on the therapeutic principle of antiangiogenesis is estimated at more than €500m.

'With the acquisition of MBT's assets, we strengthen MediGene's portfolio by adding a promising drug candidate and an outstanding platform technology to develop cutting-edge anticancer drugs,' said Dr Peter Heinrich, ceo at MediGene. 'The clinical product MBT-0206 ideally suits our oncology portfolio and combines the benefits of an already applied therapy with the opportunities of a true innovation with blockbuster potential. The MBT technology platform complements our existing technology programme and offers the long-term chance to replenish MediGene's drug pipeline with new candidates for the treatment of different cancers.'

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