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Algeta & Bayer in cancer drug deal
3rd September 2009
Algeta has entered into an agreement with Bayer for the development and commercialisation of its first-in-class Alpharadin which is currently in Phase III trials in men with hormone-refractory prostate cancer (HRPC) which has spread into bone.
The deal gives Algeta an option for up to 50% co-promotion with Bayer in the US under a profit-share arrangement. Bayer will commercialise the drug globally and pay royalties on net sales in markets where there is no co-promotion.
Algeta will receive an upfront payment of $61 million with further payments, that could bring the total to $800 million, being paid upon the completion of various milestones.
Fierce Females in the Life Science Space
March 29th 2024In this week’s episode, in recognition of international women’s month, Editor Miranda Schmalfuhs has compiled audio clips from interviews with female KOLs that she's been fortunate enough to speak with over this past month for content across a few of our brands.
