Breaking News, Collaborations & Alliances

Abbott, Reata in AIM Pact

Abbott to pay $400 million in inflammation deal

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

Abbott and Reata Pharmaceuticals have entered into a worldwide collaboration to jointly develop and commercialize Reata’s portfolio of second-generation oral antioxidant inflammation modulators (AIMs). The agreement is in addition to the partnership between the two companies announced in September 2010 in which Reata granted to Abbott exclusive rights to develop and commercialize its lead AIM compound, bardoxolone methyl, outside of the U.S., excluding certain Asian markets. Bardoxolone me...

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