About Careers Internship MedBlog Contact us
Medindia LOGIN REGISTER
Advertisement

New Eye Disease Treatments to be Developed and Marketed by Allergan, Molecular Partners Combo

by Thilaka Ravi on August 22, 2012 at 11:04 AM
Font : A-A+

New Eye Disease Treatments to be Developed and Marketed by Allergan, Molecular Partners Combo

US-based Allergan and Switzerland's Molecular Partners announced Tuesday their exclusive alliance to develop and market eye disease treatments worth up to 1.4 billion dollars (1.1 billion euros).

In addition to $62.5 million in upfront payments, Molecular Partners "is eligible to receive additional success-based payments, including up to $1.4 billion" for meeting development, regulatory and sales goals, as well as royalties on sales, the companies said in a statement.

Advertisement

A first agreement is for cooperation on developing a treatment for age-related macular degeneration, a common cause of vision loss.

A second agreement is for the development of similar compounds that could treat other ophthalmic diseases.

Allergan will have three options to exclusively licence compounds developed out of their collaboration, paying Molecular Partners a fee and taking over further development and marketing.
Advertisement

Zurich-based Molecular Partners is a privately-owned biotech company focusing on the research, development and commercialisation of small proteins called DARPins.

Allergan, the maker of the popular anti-wrinkle treatment Botox, has more than 10,000 employees in more than 100 countries.

Source: AFP
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
Test Your Knowledge About Chromosomes?
Eating During Sunlight Hours Minimizes Mood Vulnerabilities
Know More About the Digestive System
View all
Recommended Reading
News Archive
Date
Category
Advertisement
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Eye Vision LASIK Surgery Facts Allergy Eye Drops Routine Eye Examination Quiz On Eye Donation Bietti Crystalline Dystrophy Floppy Iris Syndrome Granulated Eyelids Eyelid Bump 

Most Popular on Medindia

Noscaphene (Noscapine) Drug - Food Interactions Vent Forte (Theophylline) Post-Nasal Drip Find a Hospital Diaphragmatic Hernia Calculate Ideal Weight for Infants Blood - Sugar Chart Pregnancy Confirmation Calculator Sinopril (2mg) (Lacidipine)
This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
×

New Eye Disease Treatments to be Developed and Marketed by Allergan, Molecular Partners Combo Personalised Printable Document (PDF)

Please complete this form and we'll send you a personalised information that is requested

You may use this for your own reference or forward it to your friends.

Please use the information prudently. If you are not a medical doctor please remember to consult your healthcare provider as this information is not a substitute for professional advice.

Name *

Email Address *

Country *

Areas of Interests