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Lost partnership at Alkermes
Monday, November 23, 1998
Alkermes Inc. lost two development partnerships last week,
but the company said that its drug delivery technology has addressed technical
questions and achieved proof of principle, making the terminations a refocusing
of resources rather than a negative comment on company progress.
ALKS (Cambridge, Mass.) last week announced the mutual termination
of its partnerships covering ProLease sustained-release formulations of an R.W.
Johnson Pharmaceutical Research Institute product candidate to treat hormone-mediated
disorders and covering ProLease formulations of Schering-Plough Corp.'s Intron
A interferon alfa-2b.
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