Germany, FranceGermany

Sanofi bags Scil's arthritis and cartilage program

21.12.2011

Martinsried/Paris - Sanofi has done some Christmas shopping in Munich and has licensed Scil Technology’s programme for the regenerative treatment of osteoarthritis and cartilage disorders. Under the agreement, Scil could reap up to EUR180m in upfront and potential milestone payments. Moreover, the Bavarians are entitled to undisclosed royalties on worldwide product sales. Sanofi will take over from day one, including the start of clinical trials. "Sanofi's profound expertise in the therapeutic area make us confident, that they are the right partner we could find for this programme" said Scil's COO Klaus Binder.
The programme is based on targets for the regeneration of cartilage tissue, which also stimulate chondrocyte differentiation and the synthesis of cartilage matrix. The leading compound is based on a proprietary formulation for direct delivery into the joint, making it an excellent treatment option for osteoarthritis. The programme is currently in preclinical development.
The cartilage regenerative program is Scil Technology’s second programme which has been out-licensed. The first (GDF-5) was taken over by Medtronic after completion of Phase II trials. And in 2008, U.S. Pfizer obtained a worldwide exclusive license to develop and commercialise CD- RAP, Scil's cartilage specific growth factor.

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Darmstadt – German pharmaceutical and chemical company Merck KGaA has set a downbeat tone for 2012. CEO Karl-Ludwig Kley said the recently launched cost-cutting programme and tough economic conditions will weigh on profits this...

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29.02.2012

Munich – Looking back with satisfaction and bent on a prize for good behaviour, German biopharmaceutical company Wilex AG reported yesterday on the fiscal year 2011 and outlined the shores in sight. The 2011 total revenue was...

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17.02.2012

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20.01.2012

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17.01.2012

Ludwigshafen – BASF Plant Science GmbH, the agrochemistry and biotech arm of the world-largest chemistry company, thinks that it has outstayed its welcome in Europe. Over the next two years, most of the green biotechnology...

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10.01.2012

Munich - It is the accolade for Micromet. The German company, which is listed on the U.S. stock exchange, announced today that it has entered into a Cooperative Research and Development Agreement (CRADA) with the renowned US...

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