Novartis Licenses Worldwide Rights To Paratek's Broad-Spectrum Antibiotic
This article was originally published in The Pink Sheet Daily
Clarified regulatory path for antibiotics may have helped produce potentially lucrative deal for the private biotech.
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It was supposed to be a year with a wealth of novel antibiotics, but regulatory concerns turned 2008 from a year of banner antibiotic approvals into a sizeable crop of action letters. Now the delays are taking a serious toll, causing some sponsors to drastically restructure in the face of uncertain and evolving regulatory standards
Another $300M due in potential milestone payments on Phase II antibiotic.
Celgene will get exclusive use of Quanticel's single-cell genomic analysis to tweak its clinical pipeline, and it also has exclusive options to acquire the venture-backed start-up.