Sanofi, Lexicon sign diabetes license and collaboration deal
Friday, November 06, 2015
Sanofi has agreed to collaborate with Lexicon Pharmaceuticals on Sotagliflozin, a potential oral treatment for people with diabetes, the French drugmaker said on Friday.
Lexicon will receive an upfront payment of $300 million under the collaboration and license deal, Sanofi said in a statement.
Lexicon could also receive development, regulatory and sales milestone payments of up to $1.4 billion, as well as rising double-digit percentage royalties on net sales of Sotagliflozin.
reuters.com
