Press Release: Astex Grants Cytochrome P450 License to Glaxosmithkline - FierceBiotech

"CAMBRIDGE, April 24, 2007 -- Astex Therapeutics today announced that it has granted a non-exclusive, worldwide license to its cytochrome P450 intellectual property to GlaxoSmithKline. Under the terms of the agreement, GlaxoSmithKline will pay an up-front fee to Astex in return for a license under Astex's portfolio of granted and pending cytochrome P450 patents. The specific financial terms and other details of the license were not disclosed."