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Merck & Co., Inc.
Drug Names(s): Lovastatin
Description: The active ingredient of Mevacor, Lovastatin, inhibits HMG-CoA reductase, an enzyme required for the synthesis of cholesterol. Mevacor has been shown to reduce the concentrations of both normal and elevated low density lipoprotein cholesterol (LDL).
Deal Structure: In November 2007, GlaxoSmithKline and Merck announced that the Companies have entered into an agreement for over-the-counter (OTC) marketing rights for MEVACOR. Under the agreement, GSK will have exclusive rights to market non-prescription MEVACOR in the United States. Terms of the agreement are confidential but include milestone and royalty payments from GSK to Merck.
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