GlaxoSmithKline announced that it has reached an agreement with Corixa Corporation to acquire worldwide rights and responsibilities related to the manufacturing, development and commercialization of the BEXXAR® therapeutic regimen.
Under the terms of the agreement, on December 31, 2004, GSK assumes rights and responsibilities for the commercial and clinical development of BEXXAR on a worldwide basis. As a result, Corixa will assign or otherwise transfer all of its BEXXAR-related assets to GSK, including the rights to commercialize BEXXAR in Canada. In addition, GSK will assume Corixa’s relationship with the Australian Nuclear Science and Technology Organization for the commercialization of BEXXAR in Australasia.
According to the agreement, GSK will provide development and sales milestones and royalties to Corixa based on sales of BEXXAR in the United States, Canada and Australasia. GSK and Corixa will continue to equally share royalties on Zevalin sales according to the terms of the previous patent litigation settlement with Biogen Idec.
“GlaxoSmithKline and Corixa have enjoyed a strong partnership as we introduced BEXXAR, a targeted therapy for relapsed or refractory non-Hodgkin’s lymphoma,” said Kevin Lokay, vice president of Oncology and Acute Care at GlaxoSmithKline. “Together, we have worked with healthcare providers and payers to increase awareness and access to this promising and novel therapy for patients with non-Hodgkin’s lymphoma. GSK remains committed to BEXXAR and the patients who may benefit from it.”