Exact(27)
Amgen said it agreed to buy BioVex, a closely held maker of experimental cancer drugs, for $425 million and as much as $575 million in milestone payments.
Beyond the initial payment of $350 million, Verinata shareholders will be eligible to receive up to an additional $100 million in milestone payments through 2015.
To create a clinical competency committee (CCC) that (1) centers on the competency-based milestones, (2) is simple to implement, (3) creates competency expertise, and (4) guides remediation and coaching of residents who are not progressing in milestone performance evaluations.
Vertex Pharmaceuticals said it expected to receive $545 million in milestone payments, plus additional royalties, from Johnson & Johnson as part of an agreement to market and develop Vertex's promising hepatitis C drug, VX-950.
KEYNOTE SYSTEMS INC., San Mateo, Calif., which provides e-businesses services, agreed to acquire privately held Vividence Corp., also in San Mateo, for $20 million in cash and up to $6 million in milestone payments.
But now it has disposed of the loss-maker to US group Organogenesis, with no upfront payment but an entitlement to $300m in milestone payments if Dermagraft meets certain sales targets.
Similar(33)
Rooney is closing in on milestone Wayne Rooney is closing in on yet another milestone in his career.
It undoubtedly marks the continuation of a rich history in milestone-making Australian screen pioneers (the world's first feature film, after all, was the Victorian-made The Story of the Kelly Gang).
The company, which spun out of drug developer Sanofi a little over a year ago with a promising blood cancer treatment, sold to Celgene earlier this month for $1.1 billion upfront and up to $5.9 billion in milestone-based payments.
The terms of the deal include $2 billion in cash and $3.8 billion in stock upfront, plus another $4 billion in milestone-based payouts to StemCentrx, and $3.8 in stock.
(Specifically, Axovant will pay Glaxo $160 million in milestones and a 12.5percentt royalty on sales).
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