Zeltia - US plans on track

Thursday, Apr 26 2012 by

Apr 26th 2012 - Edison Investment Research today published a report on Zeltia entitled "US Plans On Track". In summary, the report says:

Zeltia’s Pharma Mar subsidiary has received a second $25m milestone payment from Yondelis (trabectedin) ex-Europe partner Janssen (J&J). This follows the December 2011 receipt of $25m paid on agreement of the new US development plan. A further $60m of milestones may fall due in 2013/2015, in addition to the economics agreed at the time of the original license. Zeltia is also approaching key pipeline catalysts, with an interim analysis of the ADMYRE study of Aplidin in relapsed/refractory multiple myeloma expected soon, an interim analysis of the Phase II PM01183 trial in resistant ovarian cancer and results of its 309-pt Phase II study of Nypta (tideglusib) in Alzheimer’s disease, both due at the end of the year.

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