Merck returns rights to Kuvan to BioMarin as it opens Innovation Center

1 October 2015
merck-serono-big

German pharma company Merck KGaA (MRK: DE) is to return the rights to Kuvan (sapropterin) to BioMarin (Nasdaq: BMRN).

Merck is returning the rights to the phenylketonuria (PKU) treatment in order to focus its health care business on core areas. It is also returning its option to develop and commercialize Peg-Pal, also to treat PKU.

Merck will receive an upfront payment of 340 million euros ($380 million), which is five times Kuvan's annual sales, and up to 185 million euros in additional milestone payments for both products.

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 account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • 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

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical