Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Apr 17, 2007

Pharmacopeia Earns $1M from Schering-Plough

  • Schering-Plough selected the first compound from its collaboration with Pharmacopeia for preclinical development. This step triggers a $1-million milestone payment to Pharmacopeia.

    "This novel compound and its promising attributes were the basis for the extension of our collaboration with Schering-Plough last fall," states Les Browne, Ph.D., president and CEO of Pharmacopeia.

    Schering-Plough is solely responsible for further development and commercialization of these candidates. However, Pharmacopeia is eligible to receive additional milestone payments related to the successful advancement of these programs and will also receive royalties on sales of any therapeutic products resulting from these programs.



Be sure to take the GEN Poll

Drug Price Hikes

Novum Pharma recently raised the price of an acne cream by over 3,900% in less than a year-and-a-half and Mylan increased price of EpiPen from $100 to $608 . Do you think pharmaceutical companies need to be subjected to price controls?

More »