Pfizer will pay Medivation, which is based in San Francisco, up to $500 million more should Dimebon reach various development and regulatory goals, plus additional undisclosed commercial milestone payments.
Under the terms of the deal, Locus is getting $20 million in upfront payments and could receive up to $798 million in potential future development and commercial milestone payments and any royalties on potential product sales.
The commercialization of Niprisan reached a number of commercial milestones, including regulatory approval in Nigeria; securing US-based commercial partner XeChem; demonstrating clinical efficacy and safety; being awarded orphan drug status by the US Food and Drug Administration; and striking important relationships with domestic and international groups.
I look forward to helping the company's exceptionally talented team continue to grow as we unlock more technical and commercial milestones".
The milestone payments will be contingent upon future regulatory and commercial milestones for Avid's molecular imaging agent florbetapir, which is under investigation to detect amyloid plaque in the brain.
If Vifor Fresenius were to exercise an option for rights to the U.S. dialysis market, it will pay OPKO up to an additional $555 million in commercial-based milestones, as well as double-digit royalties.
The group has venture deals, which feature all the regular commercial terms of milestones and royalties, with a number of biotech companies, including Vertex.
But using probabilistic models, large datasets, and powerful learning algorithms (both for and ) has led to our achieving the milestone of commercial-grade speech recognition products capable of handling continuous speech ranging over a large vocabulary.
(Cargo vehicles built by Russia, Europe and Japan now supply the six-person crew). Even more crucially, a successful docking would mark a milestone for commercial space companies.
In a milestone for commercial use of solar energy, the Fala DM Group, a direct-marketing company with offices in Farmingdale and Melville on Long Island, will install rooftop photovoltaic systems this summer to produce 1.5 megawatts of electricity and reduce the company's energy costs by nearly one-fifth, Gov. George E. Pataki of New York said Sunday.
But with trials in Korea continuing, the firm's chief executive, Kent Ertugrul, remained optimistic this morning: "The board believes that Phorm is making good progress towards the milestone of commercial deployment in a major market, with the generation of meaningful revenues.
