On January 9, 2012 SFJ Pharmaceuticals reported that it has entered into a collaborative agreement with Pfizer to conduct a Phase III clinical trial in Asia for Pfizer’s investigational agent axitinib for the adjuvant treatment of patients at high risk of recurrent renal cell carcinoma (RCC) following nephrectomy (Press release Pfizer, JAN 9, 2012, View Source [SID:1234500285]).
Under the terms of ageement, SFJ will provide the funding and clinical development supervision to generate the clinical data necessary to submit axitinib for review by regulatory authorities for the adjuvant treatment of patients at high ris of recurrent RCC following nephrectomy. SFJ will be eligible to recieve milestone payments under the agreement.
In addition, if approved, Pfizer intends to commercialize axitinib for this indication and SFJ will receive earn-out payments under the agreement.
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