Regulus, Glaxo Will Work on Hepatitis C Drugs

Thursday, 25 Feb 2010 02:36 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Drugmaker Regulus Therapeutics LLC said Thursday it is expanding a partnership with GlaxoSmithKline, and will begin researching new treatments for hepatitis C.

Regulus said it will identify a potential drug candidate in late 2010, and file an application with the Food and Drug Administration in 2011. Regulus said it could get more than $150 million from the new collaboration, along with royalty payments of up to 10 percent on sales of any drugs developed under the agreement.

Regulus is a joint venture between Alnylam Pharmaceuticals and Isis Pharmaceuticals. It develops drugs that use microRNA technology, which can turn parts of genes on or off to treat diseases.

GlaxoSmithKline and Regulus began collaborating in 2008 to develop four treatments for inflammatory diseases like rheumatoid arthritis. Regulus could get more than $600 million from that deal, along with royalty payments on sales.

Isis is based in Carlsbad, Calif., and Alnylam is headquartered in Cambridge, Mass. GlaxoSmithKline is located in the U.K. and it is one of the world's largest drugmakers.

In afternoon trading, Isis shares lost 4 cents to $8.79, and Alnylam shares fell 19 cents to $17.75. U.S.-traded shares of GlaxoSmithKline decreased 51 cents to $36.82.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Country Singer and Cancer Survivor Kevin Sharp Dies at 43

Sunday, 20 Apr 2014 22:51 PM

Kevin Sharp, who survived cancer as a teenager and went on to become a successful country music singer in the 1990s, die . . .

Marijuana Fans Pack 4/20 Events in Colorado, Washington State

Sunday, 20 Apr 2014 22:42 PM

Thousands of marijuana enthusiasts gathered in Colorado and Washington state over the weekend for an annual celebration  . . .

Property-Tax Collections Rising at Fastest Pace Since Crash

Sunday, 20 Apr 2014 22:31 PM

Property-tax collections are rising at the fastest pace since the housing market crash sent government revenue plunging, . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved