Opko Health Inc said on Wednesday it signed a deal with Merck & Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine.
Shares of Opko jumped 28% in premarket trade.
Merck will take over the clinical and regulatory activities related to the vaccine, as well its commercialization once the drugmaker files a joint application with Opko unit ModeX Therapeutics to test it in humans, the company said. Opko will receive an upfront payment of $50 million and is eligible for milestone payments of up to $872.5 million, plus royalties on global sales.
There is currently no vaccine for the Epstein-Barr virus, which is the leading cause of mononucleosis, or mono, commonly called the "kissing disease".
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merck's drug boosts exercise capacity in pulmonary hypertension patientsMerck & Co Inc said on Monday its experimental therapy helped increase exercise capacity in patients with a deadly disease that causes high pressure in blood vessels of the heart and lungs in a late-stage study, lifting its shares about 4%.
Read more »
Epstein accuser claims Virginia Giuffre performed oral sex on herRina Oh said Epstein had an “egg-shaped,” “deformed” penis, backing up previous claims about his manhood — and speculated that it came from masturbating too much.
Read more »
Hoda Kotb returns to ‘Today’ show after family health issueHoda Kotb returned to NBC’s “Today” show on Monday after spending a few weeks tending to her 3-year-old daughter, Hope.
Read more »
Hoda Kotb returns to ‘Today’ show after family health issueHoda Kotb returned to NBC’s “Today” show on Monday after spending a few weeks tending to her 3-year-old daughter, Hope.
Read more »
Hoda Kotb returns to 'Today' show after family health issueHoda Kotb returned to NBC’s “Today” show on Monday after spending a few weeks tending to her 3-year-old daughter, Hope.
Read more »
Hoda Kotb Returns to 'Today' Show After Family Health IssueThe 'Today' host told viewers her 3-year-old daughter Hope had been in the ICU.
Read more »