Investor Alert

Oct. 17, 2007, 9:56 a.m. EDT

ImClone, Bristol-Myers sign Erbitux pact with Merck in Japan

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bristol Myers Squibb Co. (BMY)

or Cancel Already have a watchlist? Log In

By Geoffrey Rogow

ImClone Systems Inc. and Bristol-Myers Squibb Co. /zigman2/quotes/202559280/composite BMY +0.13% Wednesday said they signed an agreement with Merck KGaA (MRK.XE) for the co-development and co-commercialization of cancer treatment Erbitux in Japan.

Following regulatory approval of the product, ImClone, Bristol-Myers and Merck will market Erbitux in Japan for the treatment of epidermal growth factor receptor-expressing metastatic colorectal cancer, as well as possibly for other cancers.

The companies said Merck KGaA will receive 50% of the profit or loss from sales in Japan, while ImClone Systems and Bristol-Myers will each receive 25%.

In addition, ImClone Systems will receive from Merck KGaA a royalty of 4.75% of the total net sales in Japan.

ImClone, Bristol-Myers and Merck KGaA submitted an application in Japan earlier this year for the use of Erbitux in treating patients with epidermal growth factor receptor-expressing metastatic colorectal cancer.

-Contact: 201-938-5400

$ 79.24
+0.10 +0.13%
Volume: 4.73M
Nov. 25, 2022 1:10p
P/E Ratio
Dividend Yield
Market Cap
$168.48 billion
Rev. per Employee

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.