Big pharma, Partnering, Pharma

Merck in pharma licensing and option deal with Xenon

Posted on 18 April 2013

Tags: , , , ,

Big pharma company, Merck, in pharma licensing deal with Xenon stemming from a previous option agreement.

Xenon announced that the big pharma company has exercised its pharma licensing option to exclusively license small molecule compounds for a novel target for the potential treatment of cardiovascular disease.

In 2009, Xenon and Merck entered into a strategic alliance where Xenon employed its human clinical genetics platform to validate novel cardiovascular targets and collaborated on the discovery and development of small molecule compounds for those targets.

Under the terms of the 2009 agreement, Xenon received milestone payments and an option fee and is eligible for further research, development and regulatory milestone payments of up to US$86.5 million. In addition, Merck will pay Xenon undisclosed royalties on sales of products resulting from the collaboration.

For further deal information visit Current Agreements (subscription required)

Related

Read: more on Merck: company profile, recent partnering, M&A and financing news and articles

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity

View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now

See alsoTop 50 Pharma list

Report: Partnering Agreements with Big Pharma ; Partnering Deals and Alliances with Merck & Co

Print Friendly, PDF & Email

Leave a Reply