Sayre Signs Exclusive License and Distribution Deal with Navidea
Sayre Therapeutics with a portfolio of oncology and immunology focused commercial products, has entered into an exclusive license agreement with Navidea Biopharmaceuticals, Inc, a company focused on the development and commercialization of precision immunodiagnostic agents and immunotherapeutic, for the development and commercialization of Tc 99m tilmanocept in India.

The receptor-targeted, radiopharmaceutical imaging agent was approved by the U.S. Food and Drug Administration in 2013 and by the European Medicines Agency in November 2014 under the brand name LYMPHOSEEK. Tc 99m Tilmanocept is already commercialized in three major European Countries along with the US and represents Next-Generation Standard of Diagnosis for Sentinel Lymph Node Detection. Tc 99m Tilmanocept is approved for guiding sentinel lymph node biopsy in patients with clinically node negative breast cancer, squamous cell carcinoma of the oral cavity, or melanoma.