Biogen, Genentech amend deal on MS drug

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Biogen, Genentech amend deal on MS drug

Postby MSUK » Thu Oct 21, 2010 11:45 pm


Biogen Idec Inc. and Genentech said Thursday they amended their development agreement on a potential multiple sclerosis treatment.
Genentech, a unit of Swiss drug developer Roche, will now have responsibility for the further development of ocrelizumab in multiple sclerosis and will fund all the costs going forward.

Biogen will receive tiered, double-digit royalties on U.S. sales that will approximate its current 30 percent interest in the compound........... Read More - ... ageid/1397
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