Thalomid®

At a Glance
Therapeutic Area:
Oncology (multiple myeloma), Other (Erythema nodosum leprosum-ENL)
Approved Applications:
Thalomid® (thalidomide) is an orally administered drug that was first approved by the FDA in July 1998 for a complication of leprosy (erythema nodosum leprosum). While leprosy is rare in the US, Thalomid® sales grew largely due to widespread use in off-label indications for oncology. In May 2006, the FDA granted the drug approval for multiple myeloma, an indication that physicians had already been treating with the drug on an off-label basis. Celgene, Thalomid’s marketer, estimates that approximately 92% of Thalomid® prescriptions are written for cancer patients.
Applications In Development:
N/A
Acquisition Date:
August 2001
Royalty Seller:
N/A
 
 
 

 

Marketer:
 
 

"This significant cash infusion will help to accelerate the development of our three product candidates that are presently in Phase I/II clinical studies, as well as promising small molecule antiangiogenic drugs in our pipeline," said Global Pharma Co-Chairman and CEO. He added, "Acquiring the up-front cash value of a future revenue stream is consistent with our strategy of maximizing shareholder value by monetizing assets and maintaining shareholder equity. This transaction structure also retains upside potential on future THALOMID® sales upon the achievement of certain milestones."

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