Astellas to pay as much as 165 million euros for right to Optimer's antibiotic fidaxomicin
In a second licensing deal in less than a month, Japanese drug major Astellas (TYO: 4503) says that its European subsidiary has entered into an exclusive collaboration with Optimer Pharmaceuticals (Nasdaq: OPTR) of San Diego, USA, for the development and commercialisation of fidaxomicin, an investigational antibiotic for Clostridium difficile infection (CDI) in Europe and certain other countries in the Middle East, Africa and the Commonwealth of Independent States (CIS).
Under the terms of the latest accord, Astellas will pay 50 million euros ($67.8 million) up front and around 115 million euros in milestone payments on achievement of pre-specified development and sales milestones.
Product already filed for EU and US approval
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
More Features in Pharmaceutical
| Headless Content Management with Blaze