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Takeda Pharmaceutical Company Ltd

Drug Names(s): MLN3701

Description: Millennium is developing small molecules that block the CCR1 receptor as potential drugs for treating important inflammatory disorders. MLN3701 blocks the CCR1 receptor. This drug is the backup candidate for MLN3897.

Deal Structure: In June 2000, Millenium and Aventis (now sanofi-aventis) entered into a broad agreement in the field of inflammatory disease, which includes joint discovery, development and commercialization of small molecule drugs for the treatment of specified inflammatory diseases. MLN3701 is one of several small molecules that are part of this collaboration.

As provided in the original agreement, in North America, the two companies have agreed to share the responsibility for and cost of developing, manufacturing and marketing products arising from the alliance. Outside of North America, sanofi-aventis is responsible for and will bear the cost of developing, manufacturing and marketing products arising from the alliance. sanofi-aventis is required to pay Millenium a royalty on product sales outside of North America.

In April 2008, Takeda Pharmaceutical and Millennium Pharmaceuticals announced that they entered into a definitive agreement pursuant to which Takeda will acquire Millennium for...See full deal structure in Biomedtracker

Partners: Sanofi

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