GEN Exclusives

More »

GEN News Highlights

More »
Dec 20, 2010

BMS Negotiates Rights to Oncolys BioPharma's HIV Candidate

  • Bristol-Myers Squibb (BMS) acquired exclusive worldwide rights to manufacture, develop, and commercialize Japan-based Oncolys BioPharma’s festinavir, a once-a-day, orally available nucleoside reverse transcriptase inhibitor (NRTI) in Phase II development for HIV. Festinavir was licensed to Oncolys in 2006 from Yale University.

    Oncolys may receive up to $286 million including up-front, development, regulatory, and sales milestone payments. Oncolys is also eligible to receive tiered royalties on the worldwide product sales.

    According to BMS, the profile of festinavir offers the possibility of improvement in the safety of long-term HIV treatment. “For many years I have been working for the development of medicines in the fight against HIV/AIDS, and I’m convinced that festinavir has the possibility to be a potent and effective NRTI with a promising resistance profile. Also festinavir’s once-daily dosage is essential for treating HIV patients worldwide,” added Yasuo Urata, president and CEO of Oncolys BioPharma.


Add a comment

  • You must be signed in to perform this action.
    Click here to Login or Register for free.
    You will be taken back to your selected item after Login/Registration.

Related content

Jobs

GEN Jobs powered by HireLifeScience.com 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.
 Searching...
More »

GEN Poll

More » Poll Results »

Children and Antipsychotic Drugs

Do you think children and adolescents with behavioral problems are overmedicated?