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Amgen and Biovitrum sign license agreements
20 Jan 2017
Executive Summary
To strengthen its foothold in the area of metabolic diseases, Amgen licensed exclusive development and marketing rights in North and South America, the EU, Australia, and New Zealand to Biovitrum AB's (focuses on metabolic disorders) small-molecule 11beta-hydroxysteroid dehydrogenase 1 (HSD1) enzyme inhibitor platform. It will initially concentrate on developing BVT.3498, which is in Phase IIa clinical trials to treat Type II diabetes and related metabolic diseases. The deal also gives Biovitrum rights to some Amgen products.
Deal Industry
- Biotechnology
- Pharmaceuticals
-
Pharmaceuticals
- Specialty Pharmaceuticals
Deal Status
- Final
Deal Type
-
Alliance
- Co-Promotion
- Intra-Biotech Deal
- Product or Technology Swap
- R&D and Marketing (Licensing)
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