Volume 89 Issue 51 | p. 23 | Concentrates
Issue Date: December 19, 2011

Janssen Signs Deal With Pharmacyclics

Department: Business
Keywords: drug development, pharmaceuticals, collaboration, cancer

Pharmacyclics has signed a drug development deal with Johnson & Johnson’s Janssen Biotech unit. The two companies will develop Pharmacyclics’ PCI-32765, an oral Bruton’s tyrosine kinase inhibitor targeting hematological cancers. The compound is now in Phase II clinical trials. Janssen will pay Pharmacyclics $150 million up front, and the biotech firm could receive up to $825 million more in milestone payments. The companies will also split . . .

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