Amgen (AMGN) Announces Servier Decision to Exercise Option on Omecamtiv Mecarbi
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Amgen And Servier Extend Omecamtiv Mecarbil Collaboration In Chronic Heart Failure
September 1, 2016 8:30 AM EDTTHOUSAND OAKS, Calif. and SURESNES, France, Sept. 1, 2016 /PRNewswire/ -- Amgen (NASDAQ: AMGN) and Servier today announced an advancement in their cardiovascular collaboration, with Servier's decision to exercise its option to commercialize omecamtiv mecarbil in chronic heart failure in Europe, as well in as the Commonwealth of Independent States, including Russia, which were added to the collaboration. The companies also announced the omecamtiv mecarbil Phase 3 development program will move forward in collaboration with Cytokinetics.
Under the terms of the agreement, Servier will make a $10 million option exercise payment, as well... More
