LoginCreate an account

  Username: Password:
 
Home

Merck, Portola in $420M deal for anticlotting drug

E-mail Print PDF
User Rating: / 0
PoorBest 

WHITEHOUSE STATION, N.J. (AP) — Merck & Co. and Portola Pharmaceuticals Inc. say they have an exclusive deal to develop and market an experimental drug to prevent strokes in people with a dangerous irregular heart rhythm.

Merck, the world's eighth-biggest drugmaker, will pay Portola $50 million initially to license the drug, called betrixaban.

The drug prevents blood clots by blocking a clotting substance called Factor Xa. The pill would be taken daily by people with atrial fibrillation, a sometimes deadly abnormal heart rhythm.

Betrixaban is currently in mid-stage testing. Merck would cover costs of future testing. If that goes well and the drug is approved for sale, Portola could earn up to $420 million in payments from Merck, plus sales royalties.

 

Copyright 2009 The Associated Press.

 

 
The Axe Files with David Axelrod
David Axelrod, the founder and director of the University of Chicago Institute of Politics, brings you The Axe Files, a series of revealing interviews with key figures in the political world. Go beyond the soundbites and get to know some of the most interesting players in politics.
  • Ep. 46 - Patrick Kennedy
    Patrick Kennedy, former Democratic congressman from Rhode Island and son of the late Sen. Ted Kennedy, chats with David about growing up in the Kennedy family, his battle with mental illness and addiction, his new book “The Common Struggle” and more.
  • Ep. 45 - Arthur Brooks
    Arthur Brooks, president of the American Enterprise Institute and author of “The Conservative Heart,” chats with David about his time living in Europe, the U.S. Immigration debate, how to combat the current political polarization, and more.

  • Ep. 44 - Mike Murphy
    Republican strategist Mike Murphy sits down with David at the Institute of Politics to discuss his time at Georgetown as a member of the College Republicans, his time on the McCain campaign’s Straight Talk Express in 2000, his assessment of Jeb Bush’s failed bid for the Republican nomination, and more.
FOX News
FOXNews.com - Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
FOX News
  • Georgia governor vetoes campus carry bill
    Georgia Gov. Nathan Deal vetoed controversial "campus carry" legislation on Tuesday that would have allowed college students to carry concealed guns onto campuses with some restrictions.

  • Venomous mammal species may have lived with dinosaurs
    A creature about the size of a very large shrew may have been around when a dinosaur-killing asteroid struck Earth millions of years ago — and it survived.
  • What happened to the CDC's courage on guns?
    As director of the Centers for Disease Control, Dr. Tom Frieden has tweeted and talked about everything from AIDS to obesity to mosquitoes in Hawaii, the overuse of antibiotics, polio in Pakistan, Ebola, sanitation services in East Africa, ambulances in Sierra Leone, premature babies, sexually transmitted diseases, flu shots and World Toilet Day.

Search...

WebSite

mySSnews Login



User Menu