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Regeneron Pharmaceuticals, Inc.
Drug Names(s): VEGF Trap-Eye, BAY86-5321, Vascular Endothelial Growth Factor Trap (Ocular)
Description: Due to partnership considerations, BioMedTracker has separate drug profiles for the ocular and oncological indications of the VEGF Trap. Please also see VEGF Trap - Oncology.
The VEGF Trap-Eye is a fully human, soluble VEGF receptor fusion protein that binds all forms of VEGF-A and related placental growth factor (PlGF).The VEGF Trap-Eye is designed to block the interaction of these growth factors with cell-surface receptors, thereby preventing the subsequent formation of the new blood vessels that play an important role in the development of eye diseases such as wet AMD.
Deal Structure: Revenue splits are BioMedTracker estimates.
Regeneron and BayerIn October 2006, Bayer and Regeneron entered into a collaboration agreement for the global development, and commercialization outside the U.S., of the VEGF Trap for the treatment of eye disease by local administration (VEGF Trap-Eye). The companies will jointly commercialize the VEGF Trap-Eye outside the U.S and will share equally in profits from ex-U.S. sales. Within the U.S., Regeneron has exclusive commercialization rights in all indications and will retain 100%of all profits from any such sales.
Principal financial terms of the agreement include:
- Bayer will make an upfront payment of $75 million to Regeneron.
- Bayer and Regeneron will share initial global development costs (totaling over $250 million over the next several years)
- If a VEGF Trap-Eye product is granted marketing authorization in a major market country outside the U.S., Regeneron, from its 50% share of VEGF Trap-Eye profits...See full deal structure in Biomedtracker
Partners: Bayer AG Roche Holding AG Santen Pharmaceutical Co., Ltd. DRI Capital Inc.
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