Array BioPharma has launched a lawsuit against AstraZeneca over allegations the latter has refused to pay royalties it owes for cancer drug selumetinib and is demanding at least $192 million from the pharma giant, according to the complaint filed with the New York Supreme Court.
After originally discovering the compound, Array licensed selumetinib the drug to AZ in 2003, allowing the company to research its potential cancer treatment applications in return for 12% royalties on sums for sub-licensees.
