BMS and Medivir collaborate on HIV treatment

Published: 13-Sep-2006
Regulatory


Bristol-Myers Squibb (BMS) and Swedish company Medivir are to develop and commercialise MIV-170, a preclinical non-nucleoside reverse transcriptase inhibitor for the treatment of HIV-1 infection in adults.

The deal includes an upfront payment from BMS of US$7.5m to Medivir. The Swedish company may also receive pre-specified development and regulatory milestones totaling around $97m, as well as up to double-digit royalties on sales of the product once commercialised.

BMS will be responsible for the worldwide development and commercialisation for all countries, excluding the Nordic region, where Medivir has retained the rights.

"We are very excited and proud to give BMS, a recognised global leader in HIV/AIDS treatment thera-pies, the opportunity to develop and commercialise MIV-170. This is the third out-licensing of a Medivir polymerase inhibitor in less than three months and yet another sign that we are delivering on our promises," said Lars Adlersson, ceo and president, Medivir.

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