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Breast cancer drug VEPPANU shifts to Rigel in $85M Arvinas-Pfizer deal
Arvinas and Pfizer have licensed the global rights for their FDA-approved breast cancer drug, VEPPANU, to Rigel Pharmaceuticals in a deal worth up to $405 million. The agreement includes $85 million in upfront and transition payments, up to $320 million in future milestones, and tiered royalties. Rigel will take over commercialization responsibilities, while Arvinas and Pfizer will share in the financial proceeds and Rigel will contribute to ongoing development costs.