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RDUS - Radius Health Inc News Story

$11.55 0.2  1.9%

Last Trade - 01/10/20

Sector
Healthcare
Size
Mid Cap
Market Cap £408.0m
Enterprise Value £476.6m
Revenue £155.2m
Position in Universe 2880th / 6413

BUZZ-Radius Health: Rises on license deal for breast cancer treatment

Fri 24th July, 2020 4:40pm
** Drug maker's shares  RDUS.O  rise 7.7% to $13.70 
    ** Co said after market on Thursday that privately held
Menarini Group has signed a global license agreement to develop
and commercialize RDUS's investigational therapy, elacestrant,
to treat advanced HER2-breast cancer  urn:newsml:reuters.com:*:nGNXbq4QjT
    ** RDUS will get an upfront payment of $30 million and up to
$320 million in milestone payments
    ** Menarini Group will be responsible for worldwide
commercialization of elacestrant - RDUS
    ** The treatment is currently being evaluated in a
late-stage study 
    ** Including session's gains, stock has fallen 32% YTD

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 3463;))
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