Vertex licenses VX 787 for Influenza to Janssen Pharma.
Vertex Pharmaceuticals has announced that it has entered into a licensing agreement with Janssen Pharmaceuticals for the worldwide development and commercialization of VX 787, a novel medicine discovered by Vertex for the treatment of Influenza. As part of the agreement, Vertex will receive an up-front payment of $30 million from Janssen and has the potential to receive additional development and commercial milestone payments as well as royalties on future product sales. Vertex completed a Phase IIa study of VX-787 in 2013 that showed statistically significant improvements in viral and clinical measurements of influenza infection. VX-787 is designed to directly inhibit replication of the influenza virus.
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