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Drug Names(s): 626616
Description: GSK626616 is a Dual Specificity Tyrosine Phosphorylation Regulated Kinase-3 (DYRK3) antagonist.
Deal Structure: This drug was discovered by GSK based on Human Genome Sciences technology. Human Genome Sciences is entitled to receive a milestone payment if the compound moves through clinical development into registration. Human Genome Scienes is also entitled to worldwide royalties of up to 10% if this compound is commercialized, and also has a 20% co-promotion option in North America and Europe.
In July 2012, GlaxoSmithKline and Human Genome Sciences entered into a definitive agreement under which GSK will acquire HGS for US$14.25 per share in cash. The acquisition was completed in August 2012.
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