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AVEO > SEC Filings for AVEO > Form 8-K on 23-May-2013All Recent SEC Filings

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Other Events

Item 8.01 Other Events.

On May 17, 2013, AVEO Pharmaceuticals, Inc. (the "Company") was informed by its partner, Astellas Pharma Inc. ("Astellas"), that Astellas no longer intends to submit a Marketing Authorization Application to the European Medicines Agency for tivozanib for the treatment of patients with advanced renal cell carcinoma ("RCC"). Astellas also informed the Company that it does not intend to fund any future trial(s) in RCC under its strategic collaboration with the Company.

In February 2011, the Company entered into a Collaboration and License Agreement with Astellas, pursuant to which the Company and Astellas share responsibility for continued development and commercialization of tivozanib in the United States, Canada and Mexico and in Europe under a joint development plan and a joint commercialization plan, respectively.

The Company is currently evaluating the effect of Astellas' decision on the clinical and regulatory path forward for tivozanib in RCC.

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