![]()
|
|
|
AstraZeneca, Amgen partner on monoclonal antibodies
04-03-2012
SHARING OPTIONS:
THOUSAND OAKS, Calif.--AstraZeneca and Amgen have announced an agreement for the
joint development and commercialization of five monoclonal antibodies from
Amgen’s clinical inflammation portfolio.
Per the terms of the agreement,
AstraZeneca will make an upfront payment of $50 million, and the two companies
will share costs and profits, with current plans being that AstraZeneca will be
responsible for 65 percent of costs for the 2012-2014 period. After that
period, AstraZeneca and Amgen will split all costs equally. Amgen will book
sales globally, in addition to retaining a low single-digit royalty for
brodalumab and a mid single-digit royalty for the rest of the portfolio, with
the companies sharing profits equally after that.
“We are very excited at the prospect of collaborating with a
well-respected organisation like AstraZeneca to advance our inflammation
pipeline. We believe this collaboration has the potential to bring more
therapies to patients sooner, across more geographic areas,” Kevin Sharer,
chairman and CEO of Amgen, said in a press release. “We are impressed with
AstraZeneca’s extensive experience in developing and launching products in the
respiratory and gastroenterology areas, and believe this collaboration is an
opportunity to work with a partner that has leading regulatory and commercial
expertise in inflammation indications.”
The agreement will focus on the development of AMG 139, AMG
157, AMG 181, AMG 557 and AMG 827, or brodalumab. Amgen and AstraZeneca
consider all the molecules to have novel profiles and potential in multiple
indications across the field of inflammatory diseases.
Brodalumab is being studied for the treatment of psoriasis,
psoriatic arthritis and asthma. AMG 139 is currently being investigated as a
treatment for Crohn’s disease, with possible applications for treating
psoriasis. AMG 181 is under investigation for the treatment of ulcerative
colitis and Crohn’s disease, while AMG 557 is being studied as a treatment for
autoimmune diseases such as systemic lupus erythematosus. AMG 157 is being studied
in Phase Ib trials as a potential treatment for asthma.
AstraZeneca will lead development and commercialization of
AMG 139, 157 and 181, while Amgen will lead development and commercialization
for the other two compounds, with each lead under the oversight of joint
governing bodies. Commercial promotion will be split between the two in terms
of brodalumab, with Amgen promoting in dermatological indications in the United
States and Canada and rheumatology indications in the United States, Canada and
Europe. AstraZeneca will promote in respiratory and, initially, dermatology
indications across all territories outside of the United States, Canada, and
other markets in which Amgen has existing partnerships. Promotion rights for
other markets, indications and molecules will be determined at a later date.
“We are delighted to join forces with Amgen in developing
and commercializing these novel clinical-stage assets that add value to our
pipeline and build on our expertise in biologics,” David Brennan, CEO of
AstraZeneca, said in a press release. “This creative collaboration will make
the most of both companies’ respective capabilities, including AstraZeneca’s
extensive global reach, to help bring these potentially innovative treatment
options for a variety of respiratory and inflammatory diseases to patients
around the world.” Code: E04031201 Back |
|
||
|
Home |
FAQs |
Search |
Submit News Release |
Site Map |
About Us |
Advertising |
Resources |
Contact Us |
Terms & Conditions |
Privacy Policy
|