Continuing on its deal-making quest, Pfizer has signed an agreement with Exton, PA-based Adolor for ADL5859 and ADL5747. The two pain drugs treat a range of conditions, including inflammatory pain and neuropathic pain. ADL5859 is currently in Phase II trials and ADL5747 is set to begin Phase I trials in the first quarter of 2008. Adolor gains an upfront payment of $30 million along with $1.9 million reimbursement for previous development costs. The company could earn up to $232.5 million in milestone payments.
"This collaboration demonstrates our commitment to executing against the R&D plan we outlined, including expanding our Phase 2 portfolio with a strong focus in our key therapeutic areas," said Dr. Martin Mackay, president of Pfizer Global Research and Development. "Pfizer has a strong history in bringing to market novel pain solutions including Lyrica, Neurontin and Celebrex. However, there still remains a significant unmet medical need for patients suffering from a variety of debilitating pain conditions."
- see this release for more
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