GSK Pays Synta $15M
Rebecca Zacks12/12/08
Lexington, MA-based cancer drug developer Synta Pharmaceuticals (NASDAQ: SNTA) announced it has earned a $15 million milestone payment from GlaxoSmithKline. The pyament is part of a deal inked last October and worth up to $1.1 billion that focuses on Synta’s elesclomol, which is currently in Phase 3 testing as a treatment for metastatic melanoma.
