Navigation Links
DOR BioPharma Announces Potential $30 Million North American Partnership Agreement with Sigma-Tau Pharmaceuticals for orBec(R) in the Treatment of Graft-versus-Host Disease
Date:2/12/2009

EWING, N.J., Feb. 12 /PRNewswire-FirstCall/ -- DOR BioPharma, Inc. (OTC Bulletin Board: DORB) (DOR or the Company) announced today that it has signed a potential $30 million partnering agreement with Sigma-Tau Pharmaceuticals, Inc. (Sigma-Tau) for the development and commercialization in North America of orBec(R) (oral beclomethasone dipropionate or Oral BDP).

As part of the agreement, Sigma-Tau will make a $6 million upfront investment in DOR, inclusive of the $1.5 million which was recently completed under a letter of intent dated November 26, 2008. The remaining $4.5 million investment was priced at a 50% premium to the five day trailing average of DOR stock, putting the investment price at $0.18 per share. In addition, Sigma-Tau will make payments to DOR totaling $10 million, subject to the achievement of certain milestones. The first of these, a $1 million payment, will be made upon the enrollment of the first patient in DOR's upcoming confirmatory Phase 3 clinical trial of orBec(R) for the treatment of acute gastrointestinal Graft-versus-Host disease (GI GVHD), which is expected to occur in the first half of 2009. In exchange for commercialization rights, Sigma-Tau will pay DOR a 35% royalty on Net Sales pursuant to which DOR will supply the drug product while maintaining worldwide manufacturing rights. Commercialization expense, including launch activities, could potentially reach $15 million by the end of the first year after launch. Additionally, DOR will grant Sigma-Tau a seat on its Board of Directors.

Gregg Lapointe, Chief Executive Officer of Sigma-Tau, commented, "As a result of our longstanding relationship with DOR, we have great confidence in the DOR team, in the pharmacology that orBec(R) has already demonstrated, and in the likelihood of orBec(R)'s success in the confirmatory Phase 3 clinical program. Oral BDP is also an excellent fit with
'/>"/>

SOURCE DOR BioPharma, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine news :

1. PDL BioPharma to Actively Seek Sale of Entire Company or Its Key Assets
2. Presentation Time Correction: Keryx Biopharmaceuticals Presents at 12:00pm, ET Tomorrow (Oct. 3) at William Blair & Company Small-Cap Growth Stock Conference
3. Nabi Biopharmaceuticals Announces Third Quarter 2007 Financial Results and Positive Vote from November 8, 2007 Special Stockholders Meeting
4. Nabi Biopharmaceuticals Completes Sale of Nabi Biologics to Biotest AG
5. Keryx Biopharmaceuticals, Inc. Announces Poster Presentations Highlighting Observed Clinical Activity of KRX-0401 (Perifosine) to be Presented at the Upcoming American Society of Hematology Meeting in Atlanta, Georgia
6. Aladdin eToken First Strong Authentication Device to Achieve Certification from the SAFE-BioPharma Association
7. XTL Biopharmaceuticals Announces Financial Results for the Year Ended December 31, 2007
8. ARCA Discovery Changes Name to ARCA biopharma to Reflect Focus on Drug Commercialization
9. CeNeRx BioPharma Appoints Mahnaz Asgharnejad as Vice President of Clinical Development
10. Immunosyn Announces Proposed Agreements for Distribution of the Biopharmaceutical SF-1019 in Utah
11. Keryx Biopharmaceuticals, Inc. Announces Second Quarter 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/20/2014)... My Clients Plus ( http://www.MyClientsPlus.com ) ... The new module enables easy administration and routing of ... care. , This application allows users such as Therapists ... a to-do item to a specific client, categorize tasks ... reoccurring reminders for follow-ups. It's designed to enable ...
(Date:10/20/2014)... (PRWEB) October 20, 2014 AttorneyOne.com, a recognized ... latest information from the FDA on Sit and Slim ... 10 not to purchase or use Sit and Slim II ... Slim II is promoted as weight loss product on various ... from the market in 2010 for safety reasons, can significantly ...
(Date:10/20/2014)... Rockynol Retirement Community broke ... 14. The $11 million project will include the latest ... kitchen with full-service restaurant style dining. , “We are ... class Assisted Living apartments,” said Kara Hanzie, Rockynol Executive ... quality of care and this investment is proof of ...
(Date:10/20/2014)... Fort Collins, CO (PRWEB) October 20, 2014 ... platform, dGH assays are the only imaging assays ... data in a single test.  With these three ... in their ability to detect the widest range ... chromosomal translocations—mutations usually missed by other genomic tools, ...
(Date:10/20/2014)... Final Cut Pro X Plugin developers from Pixel Film ... FCPX filmmakers . , “Fun, cool, and simple are ... Says Christina Austin, CEO of Pixel Film Studios. “It has ... comes with all the tools needed for a full ... added style, a title screen for an introduction, two lower ...
Breaking Medicine News(10 mins):Health News:My Clients Plus Announces New Workflow Management Software 2Health News:FDA Advises Not to Use Sit and Slim II: AttorneyOne Monitors and Keeps Consumers Informed 2Health News:Rockynol Retirement Community Expands Assisted Living Center 2Health News:KromaTiD Launches Genome Screening and Discovery Services 2Health News:KromaTiD Launches Genome Screening and Discovery Services 3Health News:Today Pixel Film Studios Announced the Release of the Citrus theme for Final Cut Pro X 2
... the 12 Million Americans With Food Allergy, FAIRFAX, ... (FAAN) will sponsor an educational briefing on Capitol,Hill to ... honor of,the 11th annual Food Allergy Awareness Week, May ... the challenges of food allergy,through five steps aimed at ...
... Va., May 8 Pending cuts to the,Medicare ... of,physical therapists to serve the rehabilitation needs of ... costs while decreasing quality of,care, according to the ... Section., In testimony May 8 before a ...
... gruesome,discovery of aborted babies in a dumpster behind Dr. ... a Pro-Life Society,discovered the mutilated bodies of aborted babies ... owned by Dr. Reginald Sharpe., "It is indeed ... that we,must stop and take time to grieve the ...
... Tenn., May 8 TeamHealth Inc.,s parent,company, Team ... the,first quarter ended March 31, 2008., The ... anesthesia,management services business line and substantially completed the ... of 2007. As a result, in,accordance with relevant ...
... Care Conference on May 13 - ... on May 14 -, SAN DIEGO, May 8 Gen-Probe Incorporated,(Nasdaq: ... Bank of,America 2008 Health Care Conference in Las Vegas on May 13, ... the Baird,Growth Stock Conference in Chicago on May 14, 2008 at approximately ...
... increased odds of heart attack, death, study finds , , THURSDAY, ... doctor can hear when passing a stethoscope over a main ... heart attack and death from heart disease and stroke, a ... bruit (pronounced brew-ee) -- is caused by turbulent blood flow ...
Cached Medicine News:Health News:Five Steps Forward for Food Allergy 2Health News:Medicare Fee Cuts Could Devastate Rehabilitation Services, Physical Therapists Warn Congress 2Health News:Medicare Fee Cuts Could Devastate Rehabilitation Services, Physical Therapists Warn Congress 3Health News:Medicare Fee Cuts Could Devastate Rehabilitation Services, Physical Therapists Warn Congress 4Health News:ALL: More Dead Babies Found in Michigan Dumpsters 2Health News:Team Finance LLC Announces First Quarter 2008 Results 2Health News:Team Finance LLC Announces First Quarter 2008 Results 3Health News:Team Finance LLC Announces First Quarter 2008 Results 4Health News:Team Finance LLC Announces First Quarter 2008 Results 5Health News:Team Finance LLC Announces First Quarter 2008 Results 6Health News:Team Finance LLC Announces First Quarter 2008 Results 7Health News:Gen-Probe to Webcast Two Upcoming Investor Presentations 2Health News:Noise in Artery Could Warn of Heart Risk 2
(Date:10/20/2014)... ALBANY, N.Y. , Oct. 20, 2014 ... pharmaceutical outsourcing facility in Albany, NY ... and trials. The company meets and/or exceeds the FDA ... 210 and 21 CFR Part 211. ... provide the highest levels of quality assurance and quality ...
(Date:10/19/2014)... -- CTI BioPharma Corp. (CTI) (NASDAQ and MTA: CTIC) ... 2014 financial results on Wednesday, October 29, 2014, after ... announcement, members of the management team will host a ... a general corporate update at 4:30 p.m. EDT (1:30 ... as follows: Wednesday, October 29 1:30 ...
(Date:10/17/2014)... 17, 2014  Training market researchers to spot ... factor in today,s highly competitive global marketplace. As ... that effectively and efficiently produce high performing analysts, ... Effective training programs can help ... from internal clients by developing analysts who can ...
Breaking Medicine Technology:CTI BioPharma to Report Third Quarter 2014 Financial Results on October 29, 2014 2Effective Training Programs for Market Research Groups can Boost Overall Organizational Success 2
... , MINNETONKA, Minn., Dec. 1 ... company specializing in clinical study management systems, today ... technology solution, has been certified by the Clinical ... the Operational Data Model (ODM) standard. This ...
... , CAMBRIDGE, Mass. and TOKYO, Dec. 1 Galenea ... further extension of their research and development collaboration through ... to seven years and brings the total committed funding ... working together since January 2005 with the goal of ...
Cached Medicine Technology:MedNet Solutions' ENLIGHTEN Receives CDISC ODM Certification 2Galenea and Otsuka Announce Second Extension to Schizophrenia Research Collaboration 2Galenea and Otsuka Announce Second Extension to Schizophrenia Research Collaboration 3
... Re-insulation capabilities that extend the life ... that bring them back to life, expertise ... Instrument trademark. Our maintenance capabilities always help ... , Economical and fast, not only do ...
Inquire...
... your camera upon arrival.,Our technician then makes note ... with a thorough customer quote. We respect that ... so well help you prioritize repairs. With customer ... , ISI uses only OEM or widely approved ...
... an ISI technician carefully inspects your ... and all problems, and provides you ... respect that you may be working ... help you prioritize repairs. With customer ...
Medicine Products: