$595m octreotide deal grabs Roche


Swiss drugmaker Roche has struck a $595 million (£390 million) deal with US firm Chiasma for Octreolin (octreotide) tablets for treating acromegaly, a rare condition that causes excessive growth.

The active compound, octreotide, is already commercially available as an injection, marketed by Novartis under the name Sandostatin. The tablets are currently in Phase III trials against acromegaly, which is caused by the pituitary gland producing too much growth hormone. The two companies will subsequently look to commercialise the drug for the treatment of neuroendocrine tumours.

Roche will pay $65 million for worldwide marketing rights to the brand and make further payments of up to $530 million as milestones are passed.

Chiasma specialises in turning injectable drug formulations into viable oral equivalents.


Related Content

From molecules to medicines

9 April 2013 Premium contentFeature

news image

Turning an active drug molecule into a finished product requires a lot of chemistry, as Phillip Broadwith discovers

Business roundup

26 October 2011 Business

news image

Industry news, November 2011

Most Read

Mystery of coloured water droplets that chase and repel each other solved

19 March 2015 Research

news image

Discovery could herald sprays that hoover up dirt and keep solar panels clean

Simple cooking changes make healthier rice

23 March 2015 Research

news image

Adding oil to water, cooling and reheating rice makes fibre-like resistant starch, reducing calories

Most Commented

Worrying molecule found in bottled water

9 September 2013 Research

news image

Analysis finds a new endocrine disrupting chemical in bottled water

Impatient chemistry

28 February 2014 Last Retort

news image

Is the pressure to publish making chemists cut corners?