AstraZeneca and Astex Announce New Anti-Cancer Drug Discovery Alliance

Cambridge, UNITED KINGDOM


CAMBRIDGE, U.K., July 27, 2005 (PRIMEZONE) -- Astex Therapeutics:


 -- AstraZeneca and Astex form their third strategic alliance

 -- Alliance focussed on discovery, development and 
    commercialisation of novel PKB inhibitors for use as anti-cancer 
    agents

 -- AstraZeneca will pay Astex an upfront fee of 2.75 million ($5 
    million), research funding, milestone payments of up to 150 
    million ($270 million) and double-digit royalties on commercial 
    sales

 -- Astex retains an option on US co-promotion rights and 
    collaborating partners

Full press release attached below: http://hugin.info/132636/R/1003844/154279.doc


        

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