REDWOOD CITY, Calif., Nov. 5, 2013 (GLOBE NEWSWIRE) -- OncoMed Pharmaceuticals, Inc. (Nasdaq:OMED), a clinical-stage company developing novel therapeutics that target cancer stem cells (CSCs), or tumor-initiating cells, announced today that it has earned a $15 million milestone payment from Bayer Pharma AG related to achieving a dose escalation milestone in the Phase 1a clinical trial of OMP-54F28 (Fzd8-Fc). OMP-54F28 is an antagonist of the Wnt pathway, a key cancer stem cell pathway.
OMP-54F28 (Fzd8-Fc) Program Reaches Dose Escalation Milestone In Phase 1a Clinical Trial; Triggers $15 Million Payment From Bayer Pharma AG
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