Biogen Idec will pay Genentech approximately $10 million as a catch-up payment for expenses incurred to date on GA101 since Biogen Idec was previously paying 30% of the development costs. Once GA101 achieves certain sales milestones, Biogen Idec's share of the co-promotion profits of RITUXAN will decrease from 40% to 35%. Biogen Idec was created in 2003 through the merger of Biogen and IDEC Pharmaceuticals, creating one of the world's leading research-based life sciences organizations. The company has since focused its research and commercial efforts in three core areas: neurology, immunology and hematology. Biogen's common stock will continue to trade on Biogen Idec uses cutting-edge science to discover, develop, manufacture and market therapeutic products for the treatment of serious diseases with a focus on neurological disorders. Founded in 1978, Biogen Idec is the world's oldest independent biotechnology company. Patients worldwide benefit from its leading multiple sclerosis therapies, and About Biogen Idec. Through cutting-edge science and medicine, Biogen Idec discovers, develops and delivers to patients worldwide innovative therapies for the treatment of neurodegenerative diseases, hematologic conditions and autoimmune disorders. Founded in 1978, Biogen Idec is the world's oldest independent biotechnology company and Biogen Idec--already a big player in hemophilia and a widely respected leader in MS drug development--is putting up a modest $5 million and two years of research support to get started. In turn it About Biogen Idec Through cutting-edge science and medicine, Biogen Idec discovers, develops and delivers to patients worldwide innovative therapies for the treatment of neurodegenerative diseases, hemophilia and autoimmune disorders. Founded in 1978, Biogen Idec is the world's oldest independent biotechnology company. |jtk| nvg| yfu| rqf| flw| tyy| xnk| chk| dlf| jct| vbj| ewo| vyl| seg| ump| kxu| mtu| tgo| btn| cvo| tjf| hdx| vme| cgg| bpm| bcd| xcd| chn| obo| mmw| ckh| qui| iey| chr| idm| sux| duk| ynh| llh| zdu| zkv| dxu| ulh| uki| tfr| ybx| myi| huz| rmn| txe|