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Array BioPharma, Inc.

Array BioPharma achieves milestone for selection of third compound for anticancer program

Published in Lab Business Week, May 14th, 2006

Array BioPharma, Inc., (ARRY) and AstraZeneca AB selected a third compound for their small molecule MEK anticancer program, triggering a $1 million milestone payment from AstraZeneca to Array.

The second compound was selected in January 2006, which also paid a $1 million milestone to Array. In December 2003, Array partnered the oncology portion of its MEK program, including its lead compound, ARRY-142886 (AZD6244), for co-development and commercialization with AstraZeneca. At that time, Array and AstraZeneca established a collaboration for research and development of additional clinical candidates.

MEK is a critical enzyme at the intersection of...

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