A Valuable Partner
Our unique approach to R&D goes beyond science and makes us an ideal partner for pharmaceutical companies and others working in the antiviral and liver disease areas. Being nimble, while maintaining focus allows us to work with a variety of partners to bring our research to where it will do the most good.
Today, we are working collaboratively with our partner AbbVie (the former research-based pharmaceutical business of Abbott Laboratories), who share our commitment of advancing our compounds as quickly as possible in order to treat patients with chronic hepatitis C virus around the world.
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In December 2006, Enanta and Abbott announced a worldwide agreement to collaborate on the discovery, development and commercialization of HCV NS3 and NS3/4A protease inhibitors and HCV protease inhibitor-containing drug combinations. Under the agreement, Abbott (now AbbVie) is responsible for and funds all costs associated with the development, manufacture and commercialization activities of paritaprevir, ABT-493 and any other compounds under this agreement. We received $57 million upon signing the collaboration agreement and Abbott’s simultaneous purchase of Enanta preferred stock and a total of $95 million of development milestone payments. We are eligible to receive additional regulatory approval milestones, as well as annually tiered, double-digit royalties per product, based on annual net sales allocable to paritaprevir or to any of our collaborations’ additional HCV protease inhibitors.