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Bayer AG

Drug Names(s): Betaferon, interferon beta-1b

Description: Betaseron is a non-glycosylated recombinant human interferon-beta approved for high-frequency, subcutaneous administration (injection) in the treatment of multiple sclerosis.

Deal Structure: Chiron and Berlex, a subsidiary of Schering AG, jointly developed betaseron. Under their agreement, which originated in 1993, betaseron was manufactured by Chiron and sold outside of Europe by Berlex and Schering. Chiron also received royalties from European sales of an identical product, manufactured by Boehringer Ingelheim and sold by Schering. The collaboration agreement between Chiron and Schering expired in October 2008.

In 2006, Novartis acquired Chiron and Bayer acquired Schering AG.

In March 2007, Novartis and Bayer signed an agreement that would provide Novartis the opportunity to introduce in the first half of 2009 its own branded version of interferon beta-1b (Extavia). Bayer would assume manufacturing responsibility for its own interferon beta 1b from Novartis and supply Novartis with this product for the latter's branded version in return for a double-digit royalty payment. Novartis has the right...See full deal structure in Biomedtracker

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