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Re: iwfal post# 141438

Monday, 05/07/2012 12:55:09 PM

Monday, May 07, 2012 12:55:09 PM

Post# of 257624

an example of high up-front for Asia-only deal?

VRTX got $33M up-front from Mitsubishi in 2004 for the Asian rights to Telaprevir when it was just entering phase-1 (http://investors.vrtx.com/releasedetail.cfm?releaseid=233090 ).

Five years later, when Telaprevir was well on its way, VRTX monetized the milestones and royalties from the Mitsubishi deal for a lump sum of $105M plus $15-65M in contingencies (#msg-40126798).

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