Algeta developed the cancer radiotherapy, Xofigo and has co-marketing rights with Bayer in the US; in the rest of the world, Bayer pays Algeta a royalty on sales.
Xofigo has had a slow sales ramp since its May 2013 FDA approval, as detailed in #msg-91684833. (In the EU, Xofigo was approved by the CHMP in Sep 2013, but it is not formally cleared for marketing.)
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