GEN Exclusives

More »

GEN News Highlights

More »
Oct 29, 2007

Akorn to Advance Four Vaccines from the Serum Institute in the U.S.

  • Akorn and Serum Institute of India will jointly commercialize four of Serum’s vaccines in the U.S.—measles, mumps, and rubella; human diploid rabies; recombinant hepatitis B; and oncology bladder cancer. Under the agreement, Serum will manufacture the vaccines and grant Akorn exclusive marketing rights for the vaccines in the U.S. for ten years following BLA approval.

    Akorn will pay Serum a marketing rights fee for each of the vaccine products that it decides to conduct clinical trials against. It will also provide funding for the trials necessary to secure BLA approval for the vaccines. Akorn may decide not to fund the trials for any vaccine if it finds that the cost are prohibitive, but upon doing so, the exclusive right granted by Serum to Akorn for that vaccine will lapse.

    Net revenues will be split equally between Akorn and Serum, with Serum bearing all manufacturing costs and Akorn bearing all marketing costs. Additionally, Serum will increase its equity position in Akorn.


GEN Jobs powered by connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

The Triple Package and Success

One theory for explaining “success," put forward by Amy Chua Jed Rubenfeld, posits cultural traits such as a superiority complex, personal insecurity and impulse control. Union College professors Joshua Hart and Christopher Chabris counter that intelligence, conscientiousness, and economic advantage are the most likely elements of success, regardless of ethnicity. Do you think that Hart-Chabris make a better argument for achieving success than the Chua-Rubenfeld theory?

More »