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The Medicines Company
Drug Names(s): ETC-216, AIM, apolipoprotein A-I Milano (ApoA-I Milano)/phospholipid complex
Description: ETC-216 is an intravenous synthetic variant of high-density lipoprotein (HDL). HDL is the good cholesterol that removes excess cholesterol and other lipids from artery walls and other tissues.
Deal Structure: Esperion Drug acquired via merger with Pfizer in 2004.
In December 2009, The Medicines Company announced the exclusive worldwide licensing of ApoA-I Milano from Pfizer.
Under the terms of the agreement, Pfizer will receive an up-front payment of $10 million for ApoA-I Milano and will receive additional payments upon the achievement of certain clinical, regulatory and sales milestones up to a total of $410 million:
- up to $20 million during development,
- up to $90 million upon filing and approval,
- $50 million for annual sales over $500 million,
- $100 million for annual sales over $1 billion,
- $150 million for annual sales over $1.5 billion.
Pfizer will also be eligible to receive single-digit royalty payments on worldwide net sales of ApoA-I Milano. The Medicines Company will also pay $7.5 million to third parties.
Partners: Pfizer Inc.
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