Issue Date: May 20, 2013
Elan Takes Stake In Theravance Programs
Elan and Theravance have entered a royalty agreement under which the Irish drug firm will pay Theravance $1 billion for an interest in possible future royalty payments related to four respiratory programs that Theravance is working on with GlaxoSmithKline. Under the agreement, Elan will make a one-time payment for a 21% stake in the royalties that would accrue if Theravance advances any of the programs to commercialization. Elan, which has divested . . .
You Do Not Have Access to C&EN Protected Content.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society