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Drug Names(s): ABF656, albinterferon alfa-2b, Albumin-Interferon alpha-2b, Albuferon, Joulferon (EU)
Description: Albuferon is a fusion protein of interferon alpha and albumin. The agent retains the biological activity of the interferon, while the albumin increases the half-life of drug activity in the patient. Albuferon is one of several albumin fusion proteins being developed by HGSI.
Deal Structure: In June 2006, Human Genome (HGS) announced a worldwide licensing agreement with Novartis for the development and commercialization of Albuferon for chronic hepatitis C and all other uses. Under the agreement, HGS and Novartis will co-commercialize Albuferon in the United States, and will share U.S. commercialization costs and U.S. profits equally. Novartis will be responsible for commercialization outside the U.S. and will pay HGS a royalty on those sales. HGS and Novartis will share equally in clinical development costs. HGS will receive an upfront fee of $45 million. Clinical development, commercial milestone and other payments to HGS could total as much as $507.5 million, including $47.5 million when the first patient is dosed in a Phase III clinical trial. HGS will have primary responsibility for the bulk manufacture of Albuferon.
In July 2012, GlaxoSmithKline and Human Genome Sciences entered into a definitive agreement under which GSK will acquire HGS for US$14.25 per...See full deal structure in Biomedtracker
Partners: Novartis AG
Pink Sheet Novartis And HGS Close The Door On Zalbin
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