Basilea licenses late-stage oncology drug candidate derazantinib from ArQule


Basel, Switzerland, April 17, 2018
– Basilea Pharmaceutica Ltd. (SIX: BSLN) announced today that it has entered into a license agreement with ArQule, Inc. (NASDAQ: ARQL) for its oncology drug candidate ARQ 087 (derazantinib), which targets the fibroblast growth factor receptor (FGFR) family of kinases. The exclusive license is worldwide, excluding the People’s Republic of China, Hong Kong, Macau and Taiwan.

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