SuperGen has inked a deal to acquire Salt Lake City-based Montigen for $18 million in cash and stock. Montigen shareholders will also be eligible to earn up to $22 million more based on established regulatory milestones. Montigen has late-stage compounds in its pre-clinical portfolio. These include inhibitors of aurora-A kinase and products which target the tyrosinekinase receptor family. The compounds have shown pre-clinical activity in solid tumors of several cancer types.
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