Abbott, Enanta ink HCV development pact

Abbott and Enanta Pharmaceuticals announced today that the companies have signed a worldwide deal to develop and commercialize hepatitis C virus NS3 and NS3/4A protease inhibitors. Enanta has discovered several HCV protease inhibitors that have demonstrated efficacy and pharmacokinetic profiles in pre-clinical studies. Upon closing, Enanta will receive an up-front payment of $57 million, which includes a cash payment and an equity investment. It also stands to receive up to $250 million in milestone payments.

- see the release on the pact

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