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MAKScientific eligible to receive as much as $34 million
March 15, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Biogen Idec and MAKScientific, LLC have entered into an exclusive, worldwide option and collaboration agreement to develop and commercialize drug candidates for the treatment of multiple sclerosis (MS) and other neurodegenerative diseases. Biogen Idec has an option for an exclusive license to select MAKScientific’s discovery drug candidates for all indications worldwide. If Biogen exercises this option, MAKScientific will be eligible to receive an exercise fee of as much as $3 million and as mu...
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