Two drugmakers, Amgen and Novartis, have worked together for years on a new type of cutting-edge migraine drug, Aimovig.
The origins of their quarrel also started that year, when a unit of Novartis called Sandoz began working with another migraine company, the biotech Alder Biopharmaceuticals. Sandoz was manufacturing the experimental migraine drug ALD403 at a factory in Austria.
Amgen objected, and the two companies have been going back and forth about it since then. On Tuesday, Amgen gave Novartis notice that it wanted to terminate their collaboration.product to Aimovig and other, already-approved drugs from generic drugmaker Teva and pharma Eli Lilly. They all use a similar scientific approach to treating migraines preventatively, or before they happen.
The Swiss drug giant also says it's invested too much in Aimovig to get cut out now, having spent about $530 million to help out with the US launch last May. And though the companies haven't really disclosed how that breaks down, most assume they're roughly splitting profits, Mizuho analyst Salim Syed said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
22 Things Under $10 To Put In An Easter Basket That Aren't CandyCandy is delicious, but maybe you want your kid to go to sleep sometime this century.
Consulte Mais informação »
16 Hearty Dinners You Can Make For Under $1016 Delicious Dinner Recipes You Can Make For Less Than $10
Consulte Mais informação »
16 Budget-Friendly Dinners You Can Make For Less Than $1016 Hearty Dinners You Can Make For Under $10
Consulte Mais informação »
An Entrepreneur And His Ex-Cons: Meet The Former Gang Member Who Created A $10 Million Packaging Startup That Hires Former InmatesDarrell Jobe dropped out of school, joined a gang and spent time in jail. Now, as founder of sustainable-packaging company Vericool, he's giving back by hiring employees who have been incarcerated.
Consulte Mais informação »
Instagram's new e-commerce feature is a $10 billion opportunity for Facebook, Deutsche Bank saysFacebook added a feature to make its Instagram platform a more efficient place for social media users to shop and buy, which Deutsche Bank believes 'can drive monetization' further for the app.
Consulte Mais informação »
Instagram's big bet on shopping could be worth $10 billion in 2021Analysts say Instagram's move to shopping will be so successful that it will generate $10 billion in revenue in 2021.
Consulte Mais informação »
Here’s where Beto O’Rourke, Bernie Sanders and other 2020 Democratic candidates rank in fundraising totals after Q1O'Rourke earned nearly $10 million in just 18 days, but can he keep that momentum going?
Consulte Mais informação »
Amazon advertising, explained: a rundown on the retail giant's fastest growing segemntAdvertising is Amazon’s fastest-growing segment: In 2018, Amazon made $10.1 billion from advertising, up 115% from about $4.7 billion in 2017.
Consulte Mais informação »
Chipotle is offering free delivery for National Burrito DayFor National Burrito Day, Chipotle is offering free delivery on orders of more than $10.
Consulte Mais informação »
Chick-fil-A loses two airport deals in less than two weeksChick-fil-A has missed out on two airport contracts after local politicians raised concerns over the company's anti-LGBTQ history.
Consulte Mais informação »