Amgen and Servier extend omecamtiv mecarbil collaboration
US biotech major Amgen (Nasdaq: AMGN) and French privately-owned pharma firm Servier today announced an advancement in their cardiovascular collaboration, as part of a deal originally signed in 2013.
Servier has decided to exercise its option to commercialize omecamtiv mecarbil in chronic heart failure in Europe, as well in as the Commonwealth of Independent States, including Russia, which were added to the collaboration. The companies also announced the omecamtiv mecarbil Phase III development program will move forward in collaboration with Cytokinetics (Nasdaq: CYTK).
Under the terms of the agreement, Servier will make a $10 million option exercise payment, as well as future milestone and royalty payments, to Amgen. Servier will assume a share of the development costs.
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