I. MODIFIED AGREEMENTS |
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Biotech Co.* (Symbol) | Pharma Co. (Country) | Change from original agreement | Disclosed Funding (M) | Terms/Details (Date) |
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Alizyme plc (UK; LSE:AZM) | SmithKline Beecham plc (UK) | Elimination of royalty payments in return for a one-time payment | #3 US$4.4 | Alizyme renegotiated its license with SmithKline for ATL-1251, removing any royalty payments in return for #3M >to be paid following market approval (11/22**) |
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Axys Pharmaceuticals Inc. (AXPH) | Merck & Co. Inc. | Extension to collaboration for a fifth year | ND | The companies extended their osteoporosis drug discovery collaboration until November 2001 (11/28) |
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CollaGenex Pharmaceuticals Inc. (CGPI) | Isdin SA (Spain) | Extension of marketing rights | ND | Companies extended marketing rights for Periostat, CollaGenex's periodontal disease therapeutic, to include Greece (10/25) |
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Myriad Genetics Inc. (MYGN) | Bayer Corp. | Extension to the proteomics collaboration through Dec. 31, 2002 | ND | The research program, using Myriad's ProNet technology, has already discovered six candidate therapeutic targets in dementia for Bayer; the collaboration now will focus on important biological pathways involved in the cause of obesity (12/13) |
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Neurocrine Biosciences Inc. (NBIX) | Taisho Pharmaceutical Co. Ltd. | Expanded collaboration providing Taisho the exclusive rights to develop and commercialize Neurocrine's altered peptide ligand for diabetes in North America and other countries outside of Europe and Asia | $100 | Original agreement made in July 2000 was for Europe and Asia; the two companies will collaborate in the worldwide clinical development of NBI-6024 and Neurocrine will receive funding; the deal, which includes licensing fees, purchase fees, milestones and development expenses, is valued at up to $100M (12/12) |
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Pharmagene plc (UK; LSE:PGN) | Kyowa Hakko Kogyo Ltd. | Renewed agreement for one year | ND | Pharmagene provides KHK full access to its Phase ZERO preclinical testing service; agreement began in 1997 (11/29) |
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Therion Biologics Corp.* | Aventis Pasteur (unit of Aventis SA; France) | Expanded agreement in therapeutic cancer vaccines | ND | Companies agreed to expand the length and scope of their existing collaboration, permitting the study of additional tumor-associated antigens for use in pox virus-based vaccines to treat melanoma, colorectal and lung cancers; companies expect to enter Phase III trials with ALVAC-CEA/B7.1, a vaccine to treat colorectal cancer; Therion will receive new license fees, additional milestone payments and future royalties; Aventis gains a worldwide sublicense to Therion's rights to NY-ESO-1, a tumor associated antigen, as well as the right to use other antigens relevant to these diseases (10/26) |
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Transkaryotic Therapies Inc. (TKTX) | Aventis SA (France) | Reacquisition of worldwide commercial rights to GA-II | ND | TKT expects to initiate a Phase II test of the protein next year; Aventis will continue development of TKT's Gene-Activated protein Dynepo (12/8) |
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Vivus Inc. (VVUS) | Paladin Labs Inc. (Canada) | Exclusive distribution and marketing rights for Muse | ND | Paladin gained rights for Muse, a treatment for erectile dysfunction, in Canada (11/22) |
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II. TERMINATED AGREEMENTS |
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Anika Therapeutics Inc. (ANIK) | Zimmer Inc. (unit of Bristol-Myers Squibb Co.) | Terminated marketing and distribution agreement for Orthovisc | ND | Anika and Zimmer terminated the marketing and distribution agreement for Anika's hyaluronic acid-based treatment for osteoarthritis of the knee; Zimmer was exclusive distributor in Canada, parts of Europe and certain other territories; Zimmer has the right to distribute Orthovisc from its existing inventory through the end of 2000; the termination eliminates future milestone payments (11/13) |
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Guilford Pharmaceuticals Inc. (GLFD) | Aventis Pharma (unit of Aventis SA; France) | Guilford reacquired commercial rights to Gliadel Wafer to treat malignant brain cancer | $8 | The reacquisition ends the June 1996 agreement that granted Aventis marketing and distribution rights worldwide, except in Scandinavia; Guilford issued 300,000 shares to Aventis, valued at $8M; Aventis will continue marketing and distributing the product through Dec. 31 (10/24) |
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NOTES |
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# The information in the chart does not cover agreements between biotech companies or agricultural agreements. |
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* Private companies are indicated with an asterisk; unless otherwise noted, stock symbols listed are on the NASDAQ market. |
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** Denotes the date the item ran in BioWorld International. |
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ND = Not disclosed, reported and/or available |
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AMEX = American Stock Exchange; LSE = London Stock Exchange; NYSE = New York Stock Exchange; OTC BB = Over The Counter Bulletin Board; TSE = Toronto Stock Exchange; VSE = Vancouver Stock Exchange. |