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Innovex to co-promote CV Therapeutics' angina drug

Executive Summary

In the US, Quintiles Transnational Corp's Innovex contract sales division will market and sell CV Therapeutics' Phase III angina therapeutic ranolazine. Innovex bought (uf)$5mm of CVT common stock, will make a $10mm milestone payment when the drug is FDA approved, and offer a $10mm line of credit, which it could convert into CVT common stock at its option.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Co-Promotion
    • Includes Equity
    • Includes Royalty or Profit Split Information
    • Marketing (Licensing)

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