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MabVax Therapeutics Holdings, Inc.

Drug Names(s): TLK286, TER286, canfosfamide HCL

Description: Telcyta, a glutathione analog, is activated by an enzyme – glutathione S-transferase – that is enriched in cancer cells. Once activated, the drug causes apoptosis (programmed cell death), leading to the killing of cancer cells. Direct triggering of apoptosis in cancer cells is a promising approach, enhancing natural processes that lead to tumor cell death.

Deal Structure: Telik and MabVax
In May 2014, Telik and MabVax have entered into a definitive merger agreement. Under the terms of the merger agreement, MabVax will merge with a wholly-owned subsidiary of Telik in an all-stock transaction.

Telcyta News

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