Bristol-Myers Squibb to develop rheumatoid arthritis drug with Alder
BOTHELL, Wash. Drug maker Bristol-Myers Squibb will work with a private biotech company to develop a biotech drug in mid-stage clinical trials for treating rheumatoid arthritis.
Bristol announced Tuesday that it had entered a partnership with Alder Biopharmaceuticals, based in the Seattle suburb of Bothell, Wash., to develop ALD518, a monoclonal antibody that has completed phase 2a testing.
Alder will grant Bristol worldwide exclusive rights to develop ALD518 for all potential disease states except cancer. Alder will retain those rights while granting Bristol the option of co-developing and commercializing the drug for cancer outside the United States. Bristol will pay Alder $85 million upfront and milestone payments that could reach nearly $1 billion, in addition to royalties. Alder may also require Bristol to invest up to $20 million in the company.
“With its novel mechanism of action, ALD518 has the potential to offer an exciting new option for patients with rheumatoid arthritis,” Bristol SVP global development and medical affairs Brian Daniels said in a statement. “We are pleased to have the opportunity to develop this novel monoclonal antibody.”
Teva files suit against Sandoz, Momenta over patent infringement
JERUSALEM Teva Pharmaceutical Industries has motioned to amend a complaint against two generic drug makers over their alleged infringement of Teva’s patent on a multiple sclerosis drug.
The Israeli drug maker announced Tuesday that it had sought to amend a complaint filed against Sandoz and Momenta Pharmaceuticals in the U.S. District Court for the Southern District of New York over their attempts to make a generic version of the injected drug Copaxone (glatiramer acetate). The amended complaint has been filed with the court under seal.
Teva, which makes branded drugs in addition to being the world’s largest manufacturer of generic drugs, originally filed the suit in August 2008, alleging infringement of multiple patents covering the drug.
Teva said that Copaxone is a “highly complicated” drug to develop, and given its inability to fully characterize its active ingredients, it has “serious doubts” about another drug company’s ability to make a comparable generic version.
Boston Scientific sponsors World Diabetes Day 2009
NATICK, Mass. A worldwide developer, manufacturer and marketer of medical devices announced its official sponsorship of World Diabetes Day for the second consecutive year. The program is organized by the International Diabetes Federation, and represents its primary global awareness campaign in the fight against diabetes.
The IDF is a worldwide alliance of more than 200 diabetes associations in 160 countries that share a mission of enhancing the lives of people with diabetes. It promotes appropriate diabetes care, prevention and the pursuit of a cure through such activities as World Diabetes Day, which will be observed Nov. 14.
“As a global leader in the medical device industry and a company committed to improving lives, we have a responsibility to support critical health initiatives like World Diabetes Day,” said David McFaul, Boston Scientific SVP international. “Many of our employees see first hand the devastating impact diabetes can have on patients and their families. We’re proud to continue our support of this important campaign with numerous activities planned at Boston Scientific sites around the globe intended to promote diabetes awareness and education.”
As part of its support, Boston Scientific once again will participate in the IDF World Diabetes Day Monument Challenge by temporarily illuminating its corporate headquarters in Natick, Mass., and changing the color of its Internet homepage to blue in recognition of World Diabetes Day on Nov. 14. Additionally, Boston Scientific further will support World Diabetes Day with activities at company facilities around the world, including free diabetes screenings for employees and “lunch and learn” sessions.