Company news: Licensepalooza -- Janssen/Evotec, AstraZeneca/Link Medicine, Eisai/Verastem

Share this article:
J&J's Janssen unit inked a deal with Evotec AG and Harvard University to license a portfolio of diabetes drugs and biologics designed to trigger the regeneration of insulin-producing beta cells. Under the terms of the deal, Janssen gets exclusive access to the candidates, identified by scientists in a Harvard University lab and further developed by Evotec under the CureBeta collaboration, for an upfront payment of $8 million and milestone payments of up to $300 million per product, plus royalties on sales.

AstraZeneca acquired a portfolio of neuroscience candidates from Link Medicine Corp., a privately-held Massachusetts-based biopharma. Link Medicine focuses on autophagy, aimed at clearing and recycling misfolded proteins in neurodegernative diseases including Parkinson's and Alzheimer's. The portfolio will be handled by AstraZeneca's new neuroscience Innovative Medicines Unit, established earlier this year. AstraZeneca will assume all R&D activities on the program in exchange for undisclosed upfront and milestone payments.

Eisai is betting on a class of cancer drugs dubbed Wnt inhibitors, having sealed a deal with Cambridge biopharma Verastem for a 12-month collaboration on the products, including VS-507, an agent designed for targeted killing of cancer stem cells.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs

Email Newsletters

MM&M EBOOK: PATIENT ACCESS

Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Business Briefs

Novartis said to be stepping out of HCV

Novartis is said to have relinquished rights to an investigational hep. C treatment, signaling its exit from the therapeutic space, according to a former partner's announcement.

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.