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Business
Pharma Giants Team Up On Diabetes Candidate
by Rick Mullin
May 6, 2013
| A version of this story appeared in
Volume 91, Issue 18
Merck & Co. and Pfizer are joining to develop Pfizer’s ertugliflozin, an investigational sodium glucose cotransporter inhibitor for type 2 diabetes that will enter Phase III clinical trials later this year. Under the agreement, the two companies will develop the small-molecule drug alone and in combination with metformin, a generic diabetes drug, and Merck’s Januvia (sitagliptin). Pfizer has received an up-front payment of $60 million and is eligible for milestone payments. Merck and Pfizer will share potential revenue and development costs on a 60:40 basis.
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