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Bavarian Biotech Report 2011/2012 (7MB) - Bio M

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Moreover, positive news were published in the year <strong>2011</strong>by MorphoSys regarding their three long-term partnerships:The company received an important technologymilestone payment from Novartis after having finishedthe installation of its HuCAL antibody platform at NovartisInstitutes for <strong>Bio</strong>Medical Research in Basel. In September<strong>2011</strong>, MorphoSys reported that Bayer HealthCarePharmaceuticals had accomplished the next milestone byinitiating a phase I clinical trial with the HuCAL-derivedantibody-drug conjugate BAY 94-9343 in the therapeuticarea of oncology. Furthermore in November <strong>2011</strong>, MorphoSysand Shionogi & Co., Ltd. expanded their agreementfor additional three years. This cooperation focuseson MorphoSys’ HuCAL technology and additional proprietarytechnology modules for research in drug discovery.MorphoSys and Shionogi closed the first license agreementin September 2005.By analyzing the different licensing deals during theyear <strong>2011</strong>, several <strong>Bavarian</strong> <strong><strong>Bio</strong>tech</strong> companies haveannounced significant deals with international industrypartners. For example, 4SC (Martinsried) and YakultHonsha (Japan) signed an exclusive license agreementfor Japan based on 4SC’soral HDAC Inhibitor Resminostat.Under these terms of agreement, 4SC AG has receivedan upfront payment from Yakult Honsha of € 6 millionand will receive up to € 127 million payable upon achievingspecified milestones including clinical and regulatoryevents in Japan. In addition to milestone payments,Yakult will pay 4SC double-digit royalties linked to productsales of Resminostat, which will also include the APIcosts.Another <strong>Bavarian</strong> <strong><strong>Bio</strong>tech</strong> company, Affectis Pharamceuticals(Martinsried), signed an exclusive licensing agreementwith Merck Serono, Darmstadt, for oral compoundstargeting the P2X7 receptors. Affectis has obtained € 2.4million upfront payment, will receive research fundingand could obtain up to € 277 million in milestones andundisclosed royalties. In addition, the Munich basedWilex (Munich) has granted exclusive US commercialisationrights for RENCAREX ® to Prometheus LaboratoriesInc., San Diego, USA. By signing this agreement, Wilexhas received approximately € 29.4 million ($ 39 million),€ 14.3 million ($ 19 million) upon signing and either€ 15.1 million ($ 20 million) after twelve months or alternativelythe European commercial rights for an undisclosedproduct from Prometheus. In addition WILEX willreceive milestone payments and royalties on US net salesof RENCAREX ® . Furthermore Prometheus will co-fund aportion of the ongoing development of RENCAREX ® .Another licensing deal was closed at the end of year <strong>2011</strong>.Sanofi has exclusively licensed Scil Technology’s programfor the regenerative treatment of osteoarthritis andcartilage disorders. This deal is valued with more than€ 180 million and includes upfront payments, potentialmilestone payments and undisclosed royalties on worldwideproduct sales.These adds up to a record deal-closing of nearly € 1,4billion in <strong>2011</strong> – a strong argument for the attractivenessof <strong>Bavarian</strong> biotechnology!23

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