Medivir reports on termination of simeprevir license by Janssen.
M2 EQUITYBITES-December 11, 2017-Medivir reports on termination of simeprevir license by Janssen
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Medivir AB (STO: MVIR) announced on Sunday that Janssen Pharmaceuticals Inc (Janssen) has decided to terminate the license that it holds for simeprevir due to Janssen's assessment of market demand.
This termination of the license will become effective in June 2018 and Medivir will continue to receive royalties on any remaining sales of Olysio/Sovriad (simeprevir) that Janssen will make until that time.
Also, Medivir will seek to identify potential commercialisation partners for specific territories where it believes there may be a market opportunity.
Reportedly, Medivir's royalty on the global sales of simeprevir in the first three quarters of 2017 were SEK13.7m, SEK7.7m and SEK4.1m.
Medivir is a research-based pharmaceutical company with a focus on oncology.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 11, 2017|
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