Articles

Opening the door to the Orient

Pfizer, Crown Bioscience in collaboration to treat cancers in Asia
Written byLori Lesko
| 3 min read

NEW YORK—Global pharma Pfizer Inc. has joined hands withCrown Bioscience, an oncology services company based in Santa Clara, Calif., todevelop novel therapeutics for cancers prevalent—and growing—in Asia.

Thepartnership will begin at Crown's new research facility in Taicang, China, nearShanghai. Without naming specific cancers, the companies emphasize their goalis to discover and advance multiple candidates for clinical development.

Under the terms of this agreement, announced Dec. 8, Crownreceives an upfront payment and research funding, as well as milestone paymentsbased on the achievement of preclinical and clinical goals as productsprogress. Neither company would disclose the financial details of thepartnership.

The doors to Asia have opened wider to pharmaceuticals overthe years as standards of living improve. Recently, China has become the greatfrontier for drug research, development and distribution as companies travelEast in search of potential profits in the population's unmet medical needs.

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