FDA grants SuperGen Orphan Drug Designation for MP-470 in Glioblastoma Multiforme

SuperGen have announced that the U.S. FDA has granted orphan drug designation for the company’s lead drug candidate, MP-470 in the the treatment of glioblastoma multiforme. MP-470 inhibits c-MET, c-RET, c-KIT, PDGFR and FLT3

Nycomed sell kinase program to Bayer Schering

Nycomed have completed the sale of a preclinical kinase program comprising two potential drug candidates and an extensive back-up program to Bayer Schering. This deal follows Nycomed’s strategic decision not to further invest in oncology R&D activities.