Pharmacyclics Inc. signed on a deep-pocketed, experienced partner to continue development and help plan for worldwide commercialization of its lead program Dec. 8, as [Janssen Biotech NV] paid $150 million upfront to collaborate on PCI-32765, a Phase II candidate in several forms of hematological cancer. The deal also calls for up to $850 million in development and regulatory milestone payments.
It was Janssen’s second business development action in as many days, as the Johnson & Johnson division agreed to a collaboration in immunological indications with Molecular Partners AG...