BRUSSELS (Reuters) - Belgian biopharmaceutical company Galapagos said on Wednesday it had delivered a fifth pre-clinical drug candidate to GlaxoSmithKline, triggering a milestone payment.
Galapagos did not specify the amount of the payment, which is the result of 2006 alliance signed by the two companies related to medicines to fight immuno-inflammatory diseases.
According to the companies' agreement, Galapagos has the potential to receive more than 200 million euros in total milestone payments, plus up to double-digit percentage royalties.
(Reporting By Philip Blenkinsop)
Source: http://news.yahoo.com/galapagos-secures-milestone-payment-gsk-064936112--finance.html
Rio de Janeiro Shark Week London 2012 closing ceremony Shark Week 2012 evelyn lozada UFC 150 Caster Semenya
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.