Teva inks $2.6B deal to buy into Regeneron’s PhIII NGF pain drug
Four months after Regeneron’s NGF pain med largely came through in a Phase II/III clinical trial, Teva is paying $250 million in cash to buy into the late-stage product while agreeing to cover half the billion-dollar development cost and splitting future profits. A Regeneron spokesperson tells Endpoints News that the deal comes with $2.36 billion in development and sales milestones.
In the deal, Regeneron $REGN will take the lead on US development of fasinumab, with a chance to earn milestones along the way and later sharing commercialization duties. Teva $TEVA will take the reins on R&D and commercialization outside of the US. The drug is now in a Phase III study for osteoarthritis pain while a mid-stage study is underway for lower back pain.
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