Idenix Achieves $20M Milestone in HIV Deal with ViiV Healthcare
Idenix Pharmaceuticals will receive $20 million from ViiV Healthcare for the achievement of a clinical milestone relating to GSK2248761.
Idenix Pharmaceuticals will receive $20 million from ViiV Healthcare for the achievement of a clinical milestone relating to GSK2248761 (known as '761). ViiV is testing the compound in a Phase IIb trial as a treatment of HIV/AIDS.
In February 2009, GlaxoSmithKline (GSK) paid Idenix $34 million for a worldwide license to '761, a non-nucleoside reverse transcriptase inhibitor (NNRTI) for HIV/AIDS. In November 2009, GSK and Pfizer created ViiV Healthcare, an independent company focused solely on research, development, and commercialization of HIV medicines.
Idenix says that it has received approximately $60 million in total collaboration-related payments. The firm could earn another $390 million in milestone fees as well as double-digit tiered royalties on worldwide product sales.
ViiV was seeded with 10 approved products from GSK and Pfizer and has five developmental candidates. 1349572 and S/GSK 1265744 are integrase inhibitors in Phase III, UK-453061 is an NN
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