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Pharmaceuticals

Schering-Plough signs with PTC

March 27, 2006 | A version of this story appeared in Volume 84, Issue 13
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Schering-Plough and PTC Therapeutics are joining to develop PTC's preclinical compounds for the treatment of hepatitis C and other viral diseases. PTC says its small molecules inhibit the internal ribosome entry site mediating production of viral proteins. Under the agreement, Schering-Plough will pay PTC $12 million up front and provide additional research funding. PTC stands to earn more than $200 million in milestone payments as well as royalties.

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