|
|
Article: Biogen, Celltech To Collaborate On Crohn's Disease Product.
- Article from:
- BIOWORLD Today
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Washington Editor
Biogen Inc. reached an agreement with Celltech Group plc to collaborate on development and marketing of CelltechEs humanized anti-TNF-alpha antibody product, CDP 571, currently in Phase III trials for CrohnEs disease.
While the companies will share research and development costs as well as profits henceforth, Cambridge, Mass.-based Biogen said, upon launch, that CDP 571 will be manufactured at its production facility, located in Research Triangle Park, N.C.
The news was released Wednesday around the same time that Biogen announced that its first-quarter earnings were unchanged from a year ago, due to increased costs associated ...