Affymax receives $10M payment from Takeda
US biopharmaceutical company Affymax, a developer of novel peptide-based drugs, says that it has received a milestone payment of $10.0 million from Japanese drugmaker Takeda, as part of the companies' R&D agreement in relation to the erythropoiesis stimulating agent Hematide.
The deal, which was establish last year (Marketletter July 3, 2006), is focused on developing the agent for use in the treatment of anemia.
Affymax said that it had received the payment following the completion of Phase I trials of the drug in Japan, in which it demonstrated a favorable safety and efficacy profile in healthy volunteers.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze