Allos Therapeutics Inc. (ALTH)

[mlkrborn]

4:06PM Allos Therapeutics and Mundipharma announce strategic collaboration for Folotyn (ALTH) 2.84 -0.04 : Co and Mundipharma International Corporation Limited jointly announce that the companies have entered into a strategic collaboration agreement to co-develop FOLOTYN. Under the agreement, Allos retains full commercialization rights for FOLOTYN in the United States and Canada, with Mundipharma having exclusive rights to commercialize FOLOTYN in all other countries. Under the collaboration, Allos will receive an upfront payment of $50 million and potential regulatory and commercial progress- and sales-dependent milestone payments of up to $310.5 million. Allos is also entitled to receive tiered double-digit royalties based on net sales of FOLOTYN within Mundipharma's licensed territories. Allos and Mundipharma will jointly fund development costs, initially on a 60:40 basis, which will change to a 50:50 basis if certain pre-defined milestones are achieved, including approval of the MAA currently under review to market FOLOTYN in the European Union.