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Business
AstraZeneca, MAP In Asthma Drug Pact
by Lisa M. Jarvis
January 5, 2009
| A version of this story appeared in
Volume 87, Issue 1
AstraZeneca has linked with MAP Pharmaceuticals to develop a nebulized formulation of budesonide, a potential pediatric asthma treatment in Phase III trials. MAP will get $40 million upfront. It could also reap $35 million if the drug achieves its safety and efficacy goals in the Phase III trials and could gain up to $240 million in other milestone payments. The asthma drug uses Elan's NanoCrystal technology to achieve the small and stable particles that enable delivery through nebulization.
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