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Astellas Pharma, FibroGen Conclude Licensing Agreement for Oral Anemia Treatments.

Tokyo, Japan, May 2, 2006 - (JCN) - Astellas Pharma and FibroGen jointly have signed an exclusive licensing agreement for FG-2216 and FG-4592, drug candidates for anemia developed by FibroGen. FG-2216 and FG-4592 have a property to increase the production of endogenous erythropoietin (EPO), a kind of hemopoietic factors.

Under the agreement terms, Astellas Pharma will be licensed to develop and market the agents in Europe, the Commonwealth of Independent States (CIS), the Middle East and South Africa. The company will make an upfront payment of $300 million and development milestone payments totaling $465 million, as well as purchasing newly-issued shares of FibroGen at $50 million.

Going forward, Astellas Pharma will participate in clinical trials conducted in Europe and the US. Specifically, the two companies plan to start late phase II trials for renal anemia in the first half of 2006. They also plan to launch trials for anemia associated with cancer chemotherapy and cancerous anemia.

The agents will be available in Europe by 2012. Regarding FG-2216, Astellas Pharma has obtained an exclusive right to develop and market in Japan. Currently, the company is carrying out phase I trials for renal anemia associated with chronic renal failure in Japan.

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Publication:JCNN News Summaries
Date:May 3, 2006
Words:207
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