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Re: tonyvanw post# 32442

Friday, 02/26/2010 2:08:45 PM

Friday, February 26, 2010 2:08:45 PM

Post# of 57912
What do you make of this;
GlaxoSmithKline (GSK) entered into an exclusive licensing deal with private Austrian biotech Apeiron Biologics worth potentially $330 million. Under the terms of the deal, GSK gains exclusive rights to APN01, an early stage drug for the treatment of acute respiratory distress syndrome. Apeiron will get approximately $17.5 million upfront in cash and equity investments, and could receive as much as $330 million in developmental milestones plus royalties on any future sales. APN01 is a recombinant human angiotensin converting enzyme 2 or ACE2.
Russ.

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