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AVEO > SEC Filings for AVEO > Form 8-K on 14-Feb-2014All Recent SEC Filings

Show all filings for AVEO PHARMACEUTICALS INC

Form 8-K for AVEO PHARMACEUTICALS INC


14-Feb-2014

Termination of a Material Definitive Agreement, Other Events, Financial


Item 1.02 TERMINATION OF MATERIAL DEFINITIVE AGREEMENT.

On February 12, 2014, AVEO Pharmaceuticals, Inc., a Delaware corporation and the registrant (the "Company") received from Astellas Pharma Inc., a Japanese corporation ("Astellas") a notice of termination (the "Notice") of the Collaboration and License Agreement, dated February 16, 2011, by and among the Company, AVEO Pharma Limited, Astellas, Astellas US LLC and Astellas Pharma Europe Limited (the "Agreement"). Under the Agreement, the Company and Astellas shared responsibility for continued development and commercialization of tivozanib in North America and Europe under a joint development plan and joint commercialization plan.

Pursuant to the terms of the Agreement, the termination of the Agreement will be effective 180 days from the date of the Notice, or August 11, 2014. Tivozanib rights will be returned to the Company and committed development costs, including the costs of winding down discontinued tivozanib clinical development programs, will be shared equally.



Item 8.01 OTHER EVENTS.

On February 14, 2014, the Company and Astellas issued a joint press release announcing the termination of the Agreement. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information contained in Item 1.02 above is incorporated by reference to this Item 8.01.



Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) The following exhibits are included in this report:

Exhibit
No. Description

99.1 Press release issued by the Company on February 14, 2014


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