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Amylin Pharma, Takeda Pharma Sign Worldwide Agreement To Co-Develop And Commercialize Compounds For Obesity - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Amylin Pharmaceuticals, Inc. (AMLN) on Sunday said that it signed a worldwide exclusive license, development and commercialization agreement with Takeda Pharmaceutical Company Ltd., to co-develop and commercialize pharmaceutical products for the treatment of obesity and related indications.

The company will receive a one-time up-front payment of $75 million from Takeda and, over the term of the agreement and in relation to the compounds under the agreement, is eligible to receive additional payments upon achieving certain development, commercialization and sales-based milestones that could exceed $1 billion. The agreement also provides for future tiered, double-digit royalty payments to Amylin based on global product sales.

Under the terms of the deal, Amylin will be responsible for executing development activities for potential products through phase 2 with the aim of regulatory approval in the U.S. Takeda will lead development activities beyond phase 2 in the U.S., and all development activities outside the U.S.

In most instances, Amylin will be responsible for 20% of development costs associated with obtaining approval for products in the U.S. and Takeda will be responsible for 80% of such U.S. development costs. Takeda will be responsible for 100% of development costs associated with obtaining approval for products outside the U.S.

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