AMGEN SIGNS LICENSING DEAL.Byline: Deborah Adamson Daily News Staff Writer Amgen Inc. in Thousand Oaks said Thursday it signed a licensing agreement with Japan's third-largest pharmaceutical company for the right to market a new anti-viral drug worldwide, except for the U.S. and Canada. The biotechnology firm made a deal with Yamanouchi Pharmaceutical Co. Ltd. of Tokyo to market Consensus Interferon, which fights the hepatitis C virus
``We want to concentrate our resources in this country and work with Yamanouchi, who has experience in the interferon market,'' said Amgen spokesman David Kaye. He said the drug, which will be marketed as Infergen in domestic markets, likely will be Amgen's third product, following Epogen and Neupogen. Epogen treats anemia related to kidney disease Kidney Disease Definition Kidney disease is a general term for any damage that reduces the functioning of the kidney. Kidney disease is also called renal disease. and Neupogen is a stimulator of the immune system immune system Cells, cell products, organs, and structures of the body involved in the detection and destruction of foreign invaders, such as bacteria, viruses, and cancer cells. Immunity is based on the system's ability to launch a defense against such invaders. . Interferon is a class of drugs under which Infergen is classified. ``This agreement does give Amgen a major partner in the largest market for interferon,'' said Alex To, biotechnology analyst at Donaldson, Lufkin & Jenrette in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ``(But) most of the analysts have written off Infergen as not a significant contributor to Amgen's business. The drug faces very significant competition and will be entering a mature market.'' Yamanouchi has paid Amgen $15 million and will make additional payments if certain milestones are achieved, the company said. The Japanese company also will pay royalties on sales. Amgen declined to discuss details. Yamanouchi also granted Amgen's Japanese and Hong Kong subsidiaries the right to co-develop and co-market the new drug in Japan, China, Hong Kong and Taiwan. The drug, whose approval from the U.S. Food and Drug Administration is pending, will have to go through clinical trials and regulatory approval in Japan. Amgen expects to get FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval by late 1997 and clear regulatory hurdles in Japan in two to three years. Kaye said that by that time, Yamanouchi's rights to market another interferon drug, known as Intron Intron In split genes, a portion that is included in ribonucleic acid (RNA) transcripts but is removed from within a transcript during RNA processing and is rapidly degraded. in the U.S., will have expired. The U.S. interferon market is estimated at close to half a billion dollars, while worldwide sales are at least $1 billion. Japan represents at least 70 percent of the world market. The hepatitis C virus infection is one of the most common causes of chronic hepatitis Chronic hepatitis Long lasting inflammation of the liver due to viruses or other causes. Mentioned in: Tube Compression of the Esophagus and Stomach chronic hepatitis , cirrhosis and hepatocellular carcinoma. Amgen said its new drug is ``safe and effective'' in treating chronic hepatitis C virus and is ``more effective'' in reducing the virus in patients with HCV HCV abbr. hepatitis C virus HCV 1 Hepatitis C virus, see there 2. Human coronavirus. See Coronavirus. genotype 1 when compared with another interferon treatment. |
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