Tercica got a boost today on the news that it's partnering with Genentech on two new combinatorial therapies. The biotech, which earned less than a million dollars last year, gains a $4 million equity payment in a deal worth up to $53 million in total. Researchers will combine Tercica's Increlex and Genentech's human growth hormone Nutropin AQ in two mid-stage trials. The therapies will be tested as a therapy for short stature not associated with growth hormone deficiency and adult growth hormone deficiency. Analysts noted that the pact will resolve a licensing spat but is of uncertain value to investors.
- see this release on the pact
- check out the AP report on Tercica
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