Company news from the 05/15/07 news brief

Share this article:
Bristol-Myers Squibb announced it would pay up to $192 million in a deal with Isis Pharmaceuticals to develop and market a new line of drugs for the prevention and treatment of cardiovascular disease. The drugs will target PCSK9, which helps regulate the amount of cholesterol in the bloodstream. Under the terms of the deal, Bristol-Myers Squibb will pay Isis a $15 million licensing fee for access to Isis’ PCSK9 research program, contribute at least $9 million to research funding over three years, and pay up to $168 million in fees for the initial drug development. Bristol-Myers Squibb will also pay Isis royalties on drug sales. While Bristol-Myers Squibb will fund the collaboration, both companies will be responsible for preclinical development.
Share this article:

Email Newsletters

More in News

Meaningful use not linked to quality: study

Meaningful use not linked to quality: study

A recent study of physicians found no correlation between following EHR meaningful use requirements and providing consistently higher quality of care.

Lilly Q1 sales dip

Lilly Q1 sales dip

US sales fell 34% during the quarter, largely due to lower demand and lower prices for off-patent Cymbalta and Evista.

Gilead reaps huge HCV sales, payer fury

Gilead reaps huge HCV sales, payer fury

Sovaldi's debut has been marked by plenty of criticism from payers and lawmakers, but the hep. C drug's launch, now confirmed to be the fastest of all time, has also ...