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Deloitte Recap Honors Sanofi-aventis and Exelixis With the Allicense 2010 Breakthrough Alliance Award for Early-Stage Collaboration in Cancer
Date:8/31/2010

ear in a row.  Over the years we worked very hard to create innovative deals that are examples for the industry," said Frances K. Heller, executive vice president for business development at Exelixis.  "Partnering has been a critical part of Exelixis' strategy and a key source of our non-dilutive financing.
Given the challenging economic environment, we believe partnering will continue to be an important source of funding for the industry."

The other deal finalists identified by Deloitte Recap were AstraZeneca/Targacept - Phase II Collaboration for Depression; Takeda/Amylin - Phase II Collaboration in Diabetes/Obesity; Millennium/Seattle Genetics - Phase II Co-Development for Lymphoma Product; and Novartis/Incyte - Phase III Collaboration for Cancer Products.

The Breakthrough Alliance Award deals were analyzed using the currently available deal data from the Recap IQ Series by Deloitte™. Some common elements to the deals include:

  • Large upfront cash and/or equity payments
  • Shared costs limits
  • Clear allocation of decision-making power
  • Shared commercial rights

  • About Deloitte RecapDeloitte Recap LLC was originally founded as Recombinant Capital, Inc. in 1988 by Mark Edwards and based in the San Francisco Bay Area. In July 2008, Recombinant Capital, Inc. was purchased by a subsidiary of Deloitte LLP and the business is now known as Deloitte Recap LLC (Recap). As used in this document, "Deloitte Recap" means Deloitte Recap LLC and "Deloitte" means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.Contact:Marykate ReesePublic RelationsDeloitte+1 203 257 0452mareese@deloitte.com
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