WHITEHOUSE STATION, N.J. (AP) -- Merck & Co. said Thursday it will accept a slate of biotech dull candidates and a manufacturing efficiency from Insmed Inc. for $130 million.
Insmed agreed to push its main of "biosimilars," or "follow-on biologic drugs" -- drugs that are attempted copies of biotech drugs, which are made using living cells. In the deal, Merck gains products including INS-19 and INS-20. The drugs are designed to arrest infections in cancer patients who are receiving chemotherapy. Late-stage trials of INS-19 are being planned, and INS-20 is in early-stage testing.
Merck will be advantageous Insmed $10 million upfront for the drugs, and will approve the break of its pay when the deal closes. It will not be in debt to any milestone or royal house payments. The manufacturing assign is a 50,000 square-foot expertness in Boulder, Colo., for the making and review of biologic drugs. The drugs will be managed by Merck\'s imaginative BioVentures business. Richmond, Va.-based Insmed maintains ownership of its protein-based painkiller candidates, including two cancer treatments in antique development, and a agglomeration of candidates based on its deaden Iplex.
Iplex received Food and Drug Administration blessing in 2005 for use in children with lump ruin due to embryonic IGF-I deficiency, or insulin-like enlargement financier deficiency.
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