![FDA, FTC and DOJ Enforcement of Medical Device Regulations FDA, FTC and DOJ Enforcement of Medical Device Regulations](https://www.fdanews.com/ext/resources/Book-Covers-2/BFFDEMDR-COVER.png?height=200&t=1685733565&width=200)
Home » SCHERING-PLOUGH ENTERS DEAL TO SELL ANACOR'S FUNGUS TREATMENT
SCHERING-PLOUGH ENTERS DEAL TO SELL ANACOR'S FUNGUS TREATMENT
Anacor will receive $40 million as an upfront payment from an exclusive agreement with Schering-Plough to develop and sell a topical antifungal therapy, the company said.
In addition to the upfront payment, Anacor has a $10 million financing commitment with Schering-Plough, the company said. Anacor could also receive up to $575 million in payments for development, regulatory and commercial milestones, as well as double-digit royalty payments on future sales, the company added.
Schering-Plough will be responsible for developing and selling the drug, the company said, and Anacor has the option to co-promote the drug to dermatologists in the U.S.
Anacor's drug, AN2690, is currently in three Phase II clinical trials for onychomycosis, a fungal nail and nail bed infection, the company said.
The deal is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, but should close in the first quarter of 2007, Anacor said.
KEYWORDS FDAnews Drug Daily Bulletin
Upcoming Events
-
11Jul
-
18Jul
-
21Oct