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Myrexis, Inc.

Drug Names(s): MPI-176716

Description: MPC-2130 selectively induces apoptosis in cancer cells, at a later stage in the apoptotic pathway than MPC-6827. In preclinical studies MPC-2130 has demonstrated significant cancer cell killing activity in ovarian cancer, prostate cancer and two lymphoma cell lines, Burkitt's lymphoma and T-cell lymphoma. Importantly, MPC-2130 was shown to be equally effective in anti-cancer activity against the MDR cell lines tested, suggesting that the drug candidate is not a substrate for MDR pumps.

Deal Structure: In October 2008, Myriad Genetics announced that its Board of Directors has authorized management to proceed with preparations to spin off its research and drug development businesses from its molecular diagnostics business to form two independent public companies. The molecular diagnostics business will operate under the name Myriad Genetics, Inc., and the research and drug development businesses will operate under the name Myriad Pharmaceuticals, Inc.

In July 2009, Myriad Genetics announced the successful completion of the spin off of Myriad Pharmaceuticals.

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