ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Germany's Merck Sets New Licenses

by Patricia L. Short
November 3, 2008 | APPEARED IN VOLUME 86, ISSUE 44

Merck kGaA has taken two new licenses to beef up its pharmaceuticals pipeline. It has obtained an exclusive worldwide license from San Diego-based Lpath Inc. to develop and commercialize Asonep, a monoclonal antibody now undergoing Phase I clinical trials for various types of cancer. Merck Serono will provide Lpath up to $23 million in up-front payments and R&D funding to support Lpath's completion of the Phase I evaluation. Further payments could amount to another $450 million if Asonep is approved in multiple indications. The other licensing agreement, with Montreal-based Theratechnologies, covers U.S. rights to tesamorelin, a growth hormone-releasing factor analog being investigated in the U.S. for the treatment of excess abdominal fat in HIV patients with lipodystrophy. Theratechnologies will receive $30 million, which includes a license fee of $22 million and an equity investment of $8 million. Total payments could reach $215 million.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment