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Pharmaceuticals
Sandoz signs biologics deal with Momenta
July 31, 2006
| A version of this story appeared in
Volume 84, Issue 31
Novartis' Sandoz generic drug arm and Momenta Pharmaceuticals have formed a pact to develop follow-on versions of four existing biotechnology products. Sandoz has taken a $75 million stake in Momenta and will make milestone payments to the biotech firm of up to $188 million if all four drugs are commercialized. The collaboration expands into Europe the companies' U.S. partnership for M-Enoxaparin, a generic version of Sanofi-Aventis' Lovenox, a low-molecular-weight heparin for deep-vein thrombosis.
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