I. MODIFIED AGREEMENTS | |||
Biotech Co.* (Country; Symbol) |
Pharma Co. (Country) |
Change from original agreement |
Terms/Details (Date) |
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Acorda Therapeutics Inc.* |
Elan Corp. plc (Ireland) |
Expanded license agreement giving Acorda worldwide rights to Fampridine for all indications |
Elan remains responsible for formulation development and manufacturing, and could receive milestones and royalties |
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Affymetrix Inc. (AFFX) |
BioMerieux Inc. (France) |
Expanded agreement allowing BioMerieux to develop a spectrum of tests in infectious diseases and industrial settings using GeneChip technology |
BioMerieux has nonexclusive access, and will pay Affymetrix an undisclosed up-front fee as well as potential milestones and royalties (10/20) |
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Anadys Pharmaceuticals Inc.* |
Hoffmann-La Roche Inc. |
Extended chemistry-based collaboration on Roche oncology program |
Anadys will receive additional funding to deploy its technologies to advance Roche's lead compounds against the target; original deal was signed in August 2002 (10/2) |
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Chiron Corp. (CHIR) |
Pfizer Inc. |
Chiron acquired all of Pfizer's interest in tifacogin, a drug being developed for pneumonia |
Chiron had been developing the drug in collaboration with Pharmacia, which was acquired by Pfizer; Chiron would pay Pfizer a royalty on sales (10/29) |
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Dendreon Corp. (DNDN) |
Kirin Brewery Co. Ltd. (Japan) |
Dendreon licensed to Kirin patent rights to certain HLA-DR antibodies and Kirin returned Asian rights to Dendreon's Provenge |
Kirin is paying $20M to Dendreon for the HLA-DR rights and can develop products without potential patent issues; Dendreon is free to partner the cancer immunotherapy in Asia (11/14) |
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Evotec OAI AG (Germany; FSE:EVT) |
F. Hoffmann-La Roche Ltd. (Switzerland) |
Expansion of partnership through medicinal chemistry deal to identify and develop a lead for a Roche cancer target |
The companies expanded their 2001 deal that was focused on production of chemical libraries; terms were not disclosed (10/22) |
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Gene Logic Inc. (GLGC) |
Aventis SA (France) |
Agreement expanding range of services Gene Logic provides to Aventis |
Aventis will use toxicogenomics offerings and is first customer to use Gene Logic's gene expression data resource, the Ascenta system (10/24) |
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GW Pharmaceuticals plc* (UK) |
Bayer AG (Germany) |
Agreement to bring Sativex, GW's cannabis-based product, to the Canadian market |
The deal follows a May 2003 alliance under which Bayer licensed UK rights and gained an option for other countries (11/6) |
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Hybrigenics SA* (France) |
Group de Reserche Servier (France) |
Expanded agreement for discovery of drug targets for cancer |
Hybrigenics can earn milestone and royalty payments from the deal originally signed in February 2001; Servier also will make research payments (10/3) |
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Icagen Inc.* |
Abbott Laboratories |
Extension of agreement to develop small-molecules drugs that target an ion channel, for treatment of neuropathic and inflammatory pain |
Renewal of the deal signed in 2001 provides for continued research and development funding by Abbott; the original deal pro-vided up-front and research payment, as well as potential milestone and royalty payments to Icagen (11/20) |
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Ingenium AG* (Germany) |
Elan Corp. plc (Ireland) |
Expanded alliance under which Ingenium will produce mouse models for Elan to use in drug target validation |
The deal expands their March 2003 alli-ance, which was focused on pain manage-ment, into other areas; terms were not disclosed (10/6) |
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Karo Bio AB (Sweden: SSE:KARO) |
Abbott Laboratories |
Karo obtained rights to technologies, lead compounds and pre-clinical data resulting from the companies' diabetes collaboration |
Abbott transferred rights to the program initiated in 1999 that produced the lead compound A-348441; Karo intends to continue development (11/13) |
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Ligand Pharmaceuticals Inc. (LGND) |
Royalty Pharma AG |
Ligand's selective estrogen modulators |
Royalty Pharma paid $12.5M to exercise option covering three SERMs nearing completion of Phase III; Royalty Pharma gets 0.7% of the sales of the products for 10 years (10/2) |
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Medivir AB* (Sweden; SSE:MVIR) |
F. Hoffmann-La Roche Ltd. (Switzerland) |
Restructured April 2002 deal in HIV, giving Medivir respons-ibility for development of MV026048 |
Roche has a right to opt back into the prog-ram; if so, Medivir would be eligible for higher payments than called for in the original deal (11/19) |
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MGI Pharma Inc. (MOGN) |
Helsinn Healthcare SA (Switzerland) |
Expansion of U.S. and Canadian license agreement for Aloxi that gives MGI rights to develop the drug in additional indications and formulations |
MGI is making $22.5M in initial paymentsto Helsinn and could pay another $25M in milestones based on development of Aloxi in post-operative nausea and vomiting and an oral formulation (11/17) |
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Protein Design Labs Inc. (PDLI) |
Hoffmann-LaRoche Inc. |
Restructured alliance in which PDL regains worldwide rights to Zenapax in all indications except transplantation |
PDL is paying Roche $80M to revise the deal entered in 1989; PDL could repurchase transplantation rights in 2007 (9/30) |
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II. TERMINATED AGREEMENTS | |||
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DOV Pharmaceutical Inc. (DOVP) |
Elan Corp. plc (UK) |
Terminating joint venture on controlled-release formulations of bicifadine and ocinaplon |
DOV is paying $5M for Elan's 17% stake, and up to $3M upon approvals (10/22) |
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Flamel Technoloiges SA (France; FLML) |
GlaxoSmithKline plc (UK) |
Terminating license agreement for sachet formulation of augmentin |
The alliance using Flamel's Micropump technology will end Jan. 14, 2004 (10/20) |
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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. | |||
FSE = Frankfurt Stock Exchange; SSE = Stockholm Stock Exchange. | |||
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