Zeltia, S.A. – informs that it’s subsidiary Pharma Mar, S.A., has
come to an agreement
with Janssen Products LP, of Janssen Pharmaceutical Companies, on a
new action plan to
pursue the development of Yondelis in the United States.
In this regard Janssen will perform a second pivotal Phase III
trial with Yondelis in relapsed ovarian cancer(ROC).
Furthermore, Janssen will continue the Phase III study in
L-Sarcoma.
Within the frame ofsaid agreement,
PharmaMar gets a
down-payment
of 25 million USDollars before the end of 2011.
Additionally PharmaMar will receive
another 85 million USDollars
for milestones
as they are reached, and only based on the development of Yondelis
for the period between
2012-2015(25M in 2012, 25M in 2013, 25M in 2014 and 10M in
2015).
These milestones are additional to those already included in the
original licensing agreement.
http://servicios.invertia.com/foros/read.asp?idMen=102310832…