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Pharmaceuticals
Vertex, J&J in drug pact
July 10, 2006
| A version of this story appeared in
Volume 84, Issue 28
Vertex Pharmaceuticals and Johnson & Johnson's Janssen Pharmaceutica unit will collaborate to commercialize VX-950, a hepatitis C virus protease inhibitor being developed by Vertex. Vertex retains North American rights, while Janssen gets rights in most other regions. Vertex will receive an up-front payment of $165 million and could get another $380 million in royalty payments. Vertex is in the process of starting Phase II clinical trials on the small-molecule drug.
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