Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Roche Purchases Commercial Rights to Phase 3 Drug

In a press release Monday, pharmaceutical giant Roche (NASDAQOTH: RHHBY  ) announced that it has agreed with private biotech company Chiasma to develop and commercialize the latter's acromegaly and neuroendocrine tumor therapy Octreolin.

Acromegaly is a rare, progressive growth hormone disorder that picked up orphan-drug designation from the FDA. Chiasma is planning on filing for similar status in Europe. Chiasma officials said last year that the global market for the disease could be worth around $500 million, and Octreolin could reach out to the $600 million neuroendocrine tumor market if approved for that indication as well.

Roche will pay $65 million initially to Chiasma, according to the release, with milestone payments of up to $530 million with double-digit tiered royalties on net sales of the drug. Roche will in turn pick up the worldwide exclusive license to Octreolin, while company subsidiary Genentech will handle U.S. marketing if the drug is approved by the FDA.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2262914, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:46:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 3:59 PM
RHHBY $31.18 Down -0.37 -1.16%
Roche Holding Ltd.… CAPS Rating: *****