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Mitsubishi Tanabe lenghthen pharma partners deal with Synageva BioPharma

Posted on 02 April 2012

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Synageva BioPharma announced an expansion of its previous pharma partners collaboration with Mitsubishi Tanabe Pharma to develop a second protein therapeutic for an undisclosed orphan disease using Synageva’s product development capabilities and proprietary protein expression platform. 

Terms of the expanded pharma partners collaboration:

Under the terms of the pharma partners agreement, Mitsubishi Tanabe Pharma will make an upfront payment of $9 million.

Synageva will receive reimbursement for development costs, potential future development and commercial milestone payments, as well as royalties from potential product revenue.

See further details at Current Agreements

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