I. MODIFIED AGREEMENTS | |||
Company* (Country; Symbol) |
Company* (Country; Symbol) |
Change from original agreement |
Terms/Details (Date) |
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Abgenix Inc. (ABGX) |
Immunex Corp. (subsidiary of Amgen Inc.; AMGN) |
Amended terms of July 2000 deal giving Immunex authority over development and marketing |
Abgenix will assume manufacturing responsibility and will be advanced $60M to fund its share of development costs; the companies continue to share costs and any profits (10/14) |
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BioTransplant Inc. (OTC BB: BTRNQ) |
Miltenyi Biotec GmbH* (Germany) |
Miltenyi will pay lower rates for Eligix cell-separation systems |
Miltenyi now will pay $175,000 up front and royalties of 4% to 8% percent on sales (10/3) |
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Cambridge Antibody Technology Group plc (UK; CATG; LSE:CAT) |
Genzyme Corp. (GENZ) |
Restructured agreement with CAT increasing its financial contribution to joint work on anti-TNF-beta antibodies and Genzyme investing $37.7M in CAT shares |
CAT is now committed to fund 50% of the development costs over the next two years, significantly increasing its share of the profits (9/22) |
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Discovery Partners International Inc. (DSCO) |
Inspire Pharmaceuticals Inc. (ISPH) |
Expanded agreement for Discovery Partners to optimize compounds in the P2 receptor family |
Financial terms were not disclosed (10/20) |
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Inpharmatica Ltd.* (UK) |
Serono SA (Switzerland; NYSE:SRA) |
Extended collaboration for Inpharmatica to develop and apply its computational chemogenomics system, PharmaCarta, to identifying proteins |
Financial terms were not disclosed (8/28) |
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OncoGenex Technologies Inc.* (Canada) |
Isis Pharmaceuticals Inc. (ISIS) |
Expanded partnership to include the development of a second-generation antisense inhibitor |
OGX-225 targets both insulin-like growth factor-binding protein-2 and -5, molecules involved in the development of metastatic disease in hormone-regulated tumors such as prostate and breast cancers (9/9) |
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Protein Design Labs Inc. (PDLI) |
Genentech Inc. (NYSE:DNA) |
Extended agreement for each company to obtain nonexclusive licenses under the other company's relevant antibody humanization patents |
Genentech and PDL can obtain nonexclusive licenses for a fee of up to about $1M per antibody; the deal is extended for five years (9/19) |
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Targeted Genetics Corp. (TGEN) |
GenVec Inc. (GNVC) |
Expanded agreement under which Targeted Genetics manufactures TNFerade for GenVec |
Targeted Genetics will manufacture product for late-stage trials of the cancer drug; terms were not disclosed (10/14) |
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Transgenomic Inc. (TBIO) |
Geron Corp. (GERN) |
Transgenomic will provide an additional supply of nucleic acid building-block compounds for use in syntheis of Geron cancer drug GRN163L |
Extension of nonexclusive agreement; financial terms were not disclosed (9/25) |
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II. TERMINATED AGREEMENTS | |||
BioCryst Pharmaceuticals Inc. (BCRX) |
3-Dimensional Pharmaceuticals Inc.* |
Terminated collaboration for enzyme inhibitors of the cascade system |
3-Dimensional's DirectedDiversity technology was to discover compounds directed at the serine proteases identified by BioCryst; BioCryst ended the deal in order to free up funds (8/27) |
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Epoch Biosciences Inc.(EBIO) |
Amersham Biosciences (unit of Amersham plc; UK; NYSE:AHM) |
Epoch terminated a licensing and distribution agreement on its MGB Eclipse Probe Systems for SNPs |
Epoch said Amersham failed to meet sales minimums called for under worldwide sales and distribution partnership established in 2002 (10/6) |
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Vyrex Corp. (OTC BB:VYRX) |
The Immune Response Corp. (IMNR) |
Vyrex decided not to extend the collaboration to develop Vyrex's prodrug of propofol |
Vyrex said it is seeking a new partner for development (10/21) |
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Notes: | |||
# The information in the chart does not cover agricultural agreements. | |||
* Private companies are indicated with an asterisk. | |||
Unless otherwise noted, stock symbols listed are on the Nasdaq market. | |||
LSE = London Stock Exchange; NYSE = New York Stock Exchange; OTC BB = Over-the-Counter Bulletin Board. | |||
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