Navigation Links
Royalty Pharma Acquires a Portion of Northwestern University's Royalty Interest in Lyrica(R) for $700 Million
Date:12/18/2007

NEW YORK, Dec. 18 /PRNewswire/ -- Royalty Pharma and Northwestern University announced today that Northwestern has sold a portion of its worldwide royalty interest in Lyrica(R) to Royalty Pharma for $700 million in cash.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/RPLOGO )

A portion of the payment to Northwestern will go to the researchers who were responsible for the chemical compound that serves as the basis for Lyrica(R).

"We're very pleased to have reached this agreement with Royalty Pharma," said Eugene S. Sunshine, Northwestern's senior vice president for business and finance. "Beginning with the original research done at Northwestern, the development of Lyrica(R) has brought relief to thousands of patients worldwide. This exemplifies the type of cutting-edge research that is occurring at Northwestern."

"We are happy to add this royalty on an important pain therapy to our diversified portfolio of royalties on leading biopharmaceutical products," said Pablo Legorreta, Chief Executive Officer of Royalty Pharma. "This transaction exemplifies our commitment to providing leading institutions such as Northwestern with funds that will allow them to continue to pursue their academic and research initiatives. We are confident that these funds will result in continued innovations and advances that will better people's lives."

Lyrica(R) is used to treat nerve pain associated with diabetes and shingles and to help manage pain caused by fibromyalgia. It is manufactured by Pfizer, Inc., the world's largest research-based biomedical and pharmaceutical company. Lyrica(R) is based on the chemical compound pregabalin, first synthesized at Northwestern.

The net proceeds from the partial sale of royalty rights will be placed in the University's endowment, Sunshine said. As part of the endowment, the proceeds will be used in accordance with feder
'/>"/>

SOURCE Royalty Pharma
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Unilens Vision Reports Record First Quarter Earnings and Royalty Income
2. Anemia and tropical diseases; Is pharmacogenomics ready for the clinic?
3. Mylan Commences Tender Offers and Consent Solicitations for Its 5.750% Senior Notes Due 2010 and 6.375% Senior Notes Due 2015 in Connection With Its Proposed Acquisition of Mercks Generic Pharmaceutical Business
4. Arena Pharmaceuticals to Present at the NewsMakers in the Biotech Industry Conference
5. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
6. The Pharma & Life Sciences Best Practice Database: an Industry Resource for Successful Techniques and Performance Benchmarks for Reaching the Top
7. Schering-Plough/Merck Pharmaceuticals Announce FDA Filing Acceptance of New Drug Application for Loratadine/Montelukast Tablet
8. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Adipex-P(R)
9. National Pharmaceutical Council Announces New Strategic Focus, Search for New Leadership
10. AKELA Pharma Inc. announces positive results for the extension part of its Phase IIb Fentanyl TAIFUN(R) trial
11. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Coreg(R)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2015)... MO (PRWEB) , ... August 28, 2015 , ... ... testosterone lawsuits now consolidated as MDL 2545, Testosterone Replacement Therapy Products ... a cap on the number of custodial files the PSC may receive for ...
(Date:8/28/2015)... ... ... Super-Sod launched their new website this summer. The new user-friendly ... the responsive web design. Website users will now have an improved browsing experience on ... sod, sign-up for the monthly turf-tips email, and find a local Super-Sod store all ...
(Date:8/28/2015)... ... 2015 , ... The Wilson and Juanita Mann Health Center ... a patient’s quality of life through early diagnosis and treatment. The focus is ... HIV/AIDS, STDs, and others. A Women’s, Infants & Children (WIC) clinic also provides ...
(Date:8/27/2015)... ... August 28, 2015 , ... Grace Bay Beach has been recognized ... to an already impressive list of accolades for the Turks and Caicos so far ... beach in the world by TripAdvisor, the world's leading authority on travel. , ...
(Date:8/27/2015)... ... ... Mesa Community College graduate, Andrew Sypher (Mesa), is one of 10 ... and engagement, to receive a Phi Theta Kappa 2015 Hites Transfer Scholarship, to assist ... a $7,500 scholarship to assist in his goal of becoming a foreign diplomat with ...
Breaking Medicine News(10 mins):Health News:National Testosterone Lawyers Provide Testosterone Lawsuit MDL Update 2Health News:National Testosterone Lawyers Provide Testosterone Lawsuit MDL Update 3Health News:National Testosterone Lawyers Provide Testosterone Lawsuit MDL Update 4Health News:Health Clinic Opening and Public Art Unveiling 2Health News:Grace Bay Beach Acknowledged as a Top Caribbean Beach for Weddings 2Health News:Mesa Community College Graduate Andrew Sypher Receives Hites Transfer Scholarship 2Health News:Mesa Community College Graduate Andrew Sypher Receives Hites Transfer Scholarship 3
... show a persistent cellular memory in the brain,s reward ... drug, while their involuntary counterparts had no such memory, ... University of California, San Francisco. , The researchers conclude ... enough to cause long-lasting cellular memories in the brain,s ...
... 30th,Representative Jose Serrano (D-NY) introduced the Community AIDS ... will remove all legal,barriers to States and local ... prevention of diseases directly on syringe exchange.,Syringe exchanges ... intravenous,drug users obtain clean syringes in order to ...
... Toronto Stock Exchange Symbol: CYT, MONTREAL, ... the global leader in cryotherapy products to treat ... CEO of,CryoCath, will present a corporate update at ... will take place Wednesday, August,6th at 8:30 a.m. ...
... athletes gear up to travel to China for the ... respiratory illnesses and dog bites, according to report by ... the Centers for Disease Control and Prevention (CDC) and ... can lead to human rabies. The report finds that ...
... Presented at ICAD 2008 Highlight Significant Improvement in Cognitive Performance ... , ... Chicago, IL (PRWEB) July ... FRX) presented today positive Phase III data of a once-daily ...
... July 30 A minnow has taken on the,giants ... Orgasm Day to,promote the health and sex benefits of ... Ltd, the Orgasm Survey ( http://www.orgasmsurvey.co.uk ),has become a ... But the real story behind the survey has nothing ...
Cached Medicine News:Health News:Cocaine addiction linked to voluntary drug use and cellular memory, UCSF study shows 2Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 2Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 3Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 4Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 5Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 6Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 7Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 8Health News:AIDS Action Applauds Introduction of a New Bill Allowing Federal Funds to Support Syringe Exchange Programs 9Health News:Respiratory illnesses and dog bites a concern for travelers to China for 2008 Olympics 2Health News:New Data Highlights Positive Results of Namenda (Memantine HCl) Once-Daily Extended-Release Formulation 2Health News:New Data Highlights Positive Results of Namenda (Memantine HCl) Once-Daily Extended-Release Formulation 3Health News:New Data Highlights Positive Results of Namenda (Memantine HCl) Once-Daily Extended-Release Formulation 4Health News:National Orgasm Day 31 July 2008 - Women's Health Campaign Reaches Climax 2
(Date:8/27/2015)... 27, 2015 According to a new market ... Seating, Universal, Standing, Bariatric ), Material (Nylon, Padded, Canvas), Usage Type ... published by MarketsandMarkets, the Medical Lifting Sling Market is poised to ... 2015, at a CAGR of 11.4 % from 2015 to 2020. ... rket data T ables and 65 ...
(Date:8/27/2015)... Pa. , Aug. 27, 2015  Now that ... the Da Vinci S™ surgical robot, hospitals with robotic ... plans. They also need to see where they stand ... on the right patients? Have they adopted best practices ... surgery program in the future? ECRI Institute, ...
(Date:8/27/2015)... 2015   Proxsys Rx, the nation,s ... expanding its population health management services with ... care program for hospitals and health systems. ... with technology systems and pharmacy support services ... been mandated by Center for Medicare and ...
Breaking Medicine Technology:Medical Lifting Sling Market Worth USD 706.0 Million by 2020 2Medical Lifting Sling Market Worth USD 706.0 Million by 2020 3Medical Lifting Sling Market Worth USD 706.0 Million by 2020 4ECRI Institute's New Robotic Surgery Service Helps Hospitals Brace for Change 2ECRI Institute's New Robotic Surgery Service Helps Hospitals Brace for Change 3Rx Care Management by Proxsys Rx - Transition of Care Technology Helps Prevent Hospital Medication Errors 2
... AirPal ®, a leading innovator and supplier ... the expansion of its line of air-activated transfer pads ... announcement marks the launch of an entire new series ... President AirPal, Inc.  "Among other functions, these exciting new ...
... recently merged with World Wide Relics (OTC Bulletin Board: ... its name to China PharmaHub Corp, is proud to ... Yongkon Pharmacy Co. Ltd., ("Yongkon"), a pharmaceutical company based ... 2600 hospitals in China.  PharmaHub was authorized by Yongkon ...
Cached Medicine Technology:AirPal Expands Line of Air-Activated Transfer Pads to Include Multi-Purpose Patient Positioning Functionality 2China PharmaHub Signs Agreement with Chengdu Yongkon Pharmacy 2China PharmaHub Signs Agreement with Chengdu Yongkon Pharmacy 3
Eyeglass Loupe 3x-5x made with precision optical glass. Ideal for any detail work....
... Specifically designed for computer operators ... may be placed at different heights ... computer screen. Card is printed two ... and green and uses two type ...
Near PT test card/child recog/ playing cards 5 1/2" X 8"....
Near PT test card/4 1/2 to 12 PT in spanish & french /5 1/2" X 8....
Medicine Products: