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From: crainiac (Rep: 3870) reply to crainiacDate: 12/08/2011 16:12
Forum: Pharmacyclics - Msg #881Thread #673333042 (Rec: 0)
Re: Pharmacyclics Forms Pact to Develop and Commercialize PCI-32765 for Hematolog...

alerted this morning, almost $1 Billion in upfront and milestone payments

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Reply to crainiac - Msg #2215595 - 12/08/2011 16:11

Pharmacyclics Forms Pact to Develop and Commercialize PCI-32765 for Hematologic Cancers with Janssen Biotech, Inc.

Under the terms of the agreement, Pharmacyclics will receive an upfront payment of $150 million. In addition, Pharmacyclics will receive up to an additional $825 million in development and regulatory milestone payments, based upon continued development, regulatory progress and approval of the product, for total potential upfront and milestone payments of $975 million.
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