Amarin Gets Patents, AstraZeneca Works With Ironwood: Healthcare Business Update
Shares of Amarin Corporation (NASDAQ:AMRN) move up considerably on the news that the USPTO has issued two patents covering the use of its VascepaTM capsules for treating Hypertriglyceridemia. The move forms a part of the firm’s attempt to protect the commercial potential of the drug through the year 2030, and it intends to list both patents in the FDA’s Orange Book.
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AstraZeneca Group (NYSE:AZN) is collaborating with Ironwood Pharmaceuticals (NASDAQ:IRWD) in the co-development and co-commercialization of the latter’s linaclotide in China. The drug is the first and sole guanylate cyclase-C agonist to win FDA approval. Through the terms, AstraZeneca will make an upfront payment of $25 million to Ironwood and will also share in the net profits and losses. Further, the latter will be eligible for $125 million in additional sales-related milestone payments.
Cytori Therapeutics (NASDAQ:CYTX) reports that an investigator-sponsored and funded clinical evaluation of its cell therapy as a potential treatment for scleroderma, has gotten the greenlight to start in France by the National Agency for the Safety of Medicines and Health Products.