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Loxo Oncology And Array BioPharma Announce License And Collaboration Agreement
Date:7/10/2013

rcell, senior managing director at Aisling Capital, commented: "As the biotech industry continues to adapt to a shifting funding environment and compressed development times, it is important for small companies to prioritize capital efficiency from the outset.  Loxo's collaboration with Array is an innovative solution to one of the core challenges in our industry—how to fund innovation without funding duplicative infrastructure.  In biotech, the cost of capital is too high to do otherwise." Founded in 2000, Aisling Capital is a life sciences investment firm headquartered in New York City. Aisling seeks value across a wide range of investment strategies, including venture capital, growth equity, leveraged buyouts, public markets and structured finance. Aisling is currently investing out of its $650 million third fund.

About Loxo Oncology
Loxo Oncology was incorporated in Delaware in May 2013 and was founded by Josh Bilenker, M.D., a partner at Aisling Capital. Loxo Oncology is committed to bringing targeted cancer therapies rapidly into the clinic that have an opportunity for outsized clinical effects in genetically defined patient populations.  Loxo Oncology derives its company name from an attendant of the Greek goddess Artemis, who represented the concept of trajectory in the sport of archery. 

About Array BioPharma
Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer. Array is evolving into a late-stage development company and currently expects significant progress toward generating data to support our upcoming Phase 3 / pivotal trial decisions.
Novartis expects to begin Phase 3 trials evaluating Array-invented MEK162 in NRAS-mutant melanoma and in BRAF-mutant melanoma in 2013.  In addition, i
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SOURCE Array BioPharma
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