Amgen and Servier Complete Product Collaboration Transaction - - BioPharm International

ADVERTISEMENT

Amgen and Servier Complete Product Collaboration Transaction



Amgen and the pharmaceutical company Servier have closed on a recently announced product collaboration for select cardiovascular drugs. The companies announced the early termination of the waiting period under the Hart–Scott–Rodino Antitrust Improvements Act of 1976 in connection with cardiovascular product collaboration announced on July 8, 2013, thereby completing the transation.

Under the agreement, Amgen has obtained commercial rights in the United States to Servier's oral drug, approved in the European Union as Procoralan (ivabradine), for chronic heart failure and stable angina in patients with elevated heart rates. Amgen has also received an option to develop and commercialize Servier's investigational molecule, S38844, for cardiovascular diseases in the United States. Currently, S38844 is in Phase II studies for the treatment of heart failure. Through the collaboration, Servier has obtained an option to commercialize omecamtiv mecarbil in Europe. Omecamtiv mecarbil is a small-molecule activator of cardiac myosin and is currently being tested for potential applications in the treatment of heart failure in patients with systolic dysfunction.

Source: Amgen

blog comments powered by Disqus

ADVERTISEMENT

ADVERTISEMENT

EMA Warns of Falsified Herceptin Vials
April 16, 2014
Mallinckrodt to Acquire Questcor Pharmaceuticals
April 16, 2014
American CryoStem and Rutgers University File Joint Patent on Stem Cell Platform
April 11, 2014
Center for Biologics Evaluation and Research Relocates
April 11, 2014
PhRMA Report Reveals Growth Trajectories and Policy Factors Affecting Biopharmaceutical Growth
April 11, 2014
Author Guidelines

Click here