I. MODIFIED AGREEMENTS | |||
Biotech Co.* (Country; Symbol) |
Pharma Co. (Country) |
Change from original agreement |
Terms/Details (Date) |
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Lynx Therapeutics Inc. (LYNX) |
Takara Bio Inc. (Japan) |
Amended technology licensing agreement |
Takara made a payment of $3M in order to be relieved of its obligation to make tech- nology access fee payments to Lynx totaling about $2M; it also was cleared of royalty payments; Takara also will acquire three additional Massively Parallel Signature Sequencing instruments; Takara will no longer be required to make future equity investments in Lynx (8/5) |
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Meditech Pharmaceuticals (OTC BB:MDCH) |
Elan Group Ltd. (division of Elan Corp. plc; Ireland) |
Extended joint venture that is pursuing equity and potential strategic alliances to market its solutions to bioterrorism |
The term is extended until Dec. 5, 2003 (8/22) |
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Memory Pharmaceuticals Inc.* |
F. Hoffmann-La Roche Ltd. (Switzerland) |
Expanded collaboration to include new target |
Deal is worth up to $150 million to Memory plus royalties, the same amount as original deal; initial products are in schizophrenia and Alzheimer's, with Memory having R&D control through Phase IIa and Roche funding the work; Roche has worldwide option on products and Memory has co-promotion option (9/18) |
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Micrologix Biotech Inc. (Canada; TSE:MBI) |
Fujisawa Healthcare Inc. |
Agreement to extend review period to Jan. 22, 2004 |
The extension allows more time for evaluation of options following analysis of MBI 226 Phase III data, which were negative (9/22) |
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Perlegen Sciences Inc.* |
Eli Lilly and Co. |
Expanded research collaboration under which Perlegen genotypes SNPs in samples to identify genetic markers |
Lilly will increase its research funding to support the expanded work, in addition to paying undisclosed milestones and royalties that were part of the original deal (9/23) |
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Pharmacopeia Inc. (PCOP) |
Schering-Plough Corp. |
Extended agreement for three years for the companies to work to identify candidates for Schering-Plough to develop based on the creation of combinatorial libraries created in the earlier part of the deal |
Pharmacopeia will receive research funding and would receive other payments as milestones are reached (9/5) |
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Quark Biotech Inc.* |
Fujisawa Pharmaceutical Co. Ltd. (Japan) |
Extended research collaboration for target discovery and drug development for stroke |
Quark and Fujisawa will continue their validation program on candidate genes and/or proteins selected for further research and the construction of bioassays for screening small-molecule drug libraries (8/6) |
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Scynexis Inc.* |
F. Hoffmann-La Roche Ltd. (Switzerland) |
Broadened and extended research agreement to discover and develop compounds for central nervous system and metabolic diseases |
Roche gains access to the Scynexis MedChem-Factory technology and HEOS Hit Explorer Operating System software; Roche will receive exclusive worldwide rights to products developed through the collaboration in exchange for technology access fees and other compensation for Scynexis technologies and services (9/12) |
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Structural GenomiX Inc.* |
Boehringer Ingelheim GmbH (Germany) |
Expanded two-year agreement to allow Boehringer to use the SGX synchrotron beamline facility |
SGX will generate crystal structure data on Boehringer drug targets and compounds to enable Boehringer to integrate co-crystal structural information into its process (9/23) |
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Tripos Inc. (TRPS) |
Bristol-Myers Squibb Co. |
Extended agreement to integrate Tripos' FormBuilder technology into BMS' Smart-Idea application |
The technology is expected to be deployed in 2004; the original collaboration began in 2002 (9/24) |
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II. TERMINATED AGREEMENTS | |||
Atrix Laboratories Inc. (ATRX) |
Elan Corp. plc (Ireland) |
Terminated joint venture focused on the development of pain management products |
Atrix regains rights to the BEMA-fentanyl product for breakthrough cancer pain; Atrix is acquiring Elan's ownership interest in the venture in exchange for Elan receiving a portion of any consideration Atrix receives from the licensing of BEMA-fentanyl and a royalty if the product is commercialized (9/16) |
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Cell Genesys Inc. (CEGE) |
Japan Tobacco Inc. (Japan) |
Terminated agreement for GVAX cancer vaccines |
he agreement was terminated in October 2002, but the companies agreed on wind-down payments of $8.3M in cash to Cell Genesys and the waiver of $8.5M in future repayment obligations (8/28) |
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Emisphere Technologies Inc. (EMIS) |
Eli Lilly and Co. |
Terminated agreement for an oral recombinant human growth hormone program, which employed Emisphere's eligen delivery technology |
Lilly is discontinuing its support of the program in an effort to prioritize products in its pipeline (8/12) |
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NiCox SA (France; NICXF) |
AstraZeneca plc (US) |
Terminated agreement on class of anti-inflammatory and analgesic compounds called CINODs |
Alliance was ended after AstraZeneca decided not to move AZD 3582 into Phase III studies (9/23) |
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Karo Bio AB (Sweden; SSE:KARO) |
Merck & Co. Inc. |
Terminated agreement for the first of two candidate compounds in a collaboration between the companies |
Development was discontinued with the first compound due to adverse findings in the final stages of preclinical testing; the companies continue to study the second compound and other estrogen receptor compounds that came out of the November 1997 collaboration (8/19) |
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Millennium Pharmaceuticals Inc. (MLNM) |
Abbott Laboratories |
Terminated collaboration for research in the metabolic disease area |
Millennium terminated the agreement in order to narrow its focus and shift resources (8/14) |
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Phytopharm plc (UK; LSE:PYM) |
Pfizer Inc. |
Terminated development agreement for P57, an obesity treatment |
Pfizer dropped development of Phytopharm's P57 following its acquisition of Pharmacia Corp. (8/6**) |
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Transkaryotic Therapies Inc. (TKTX) |
Wyeth Pharmaceuticals therapy platform |
Terminated agreement for a Factor VIII gene |
TKT regains European rights and received a $500,000 termination fee (8/11) |
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Notes: | |||
# The information in the chart does not cover agreements between biotech companies or agricultural agreements. | |||
* Private companies are indicated with an asterisk. | |||
Unless otherwise noted, stock symbols listed are on the Nasdaq market. | |||
LSE = London Stock Exchange; OTC BB = Over-the-Counter Bulletin Board; SSE = Stockholm Stock Exchange; TSE = Toronto Stock Exchange. |