CDP323: NEW DRUG IN PIPELINE - Biogen Idec:
"Biogen Idec and UCB and to collaborate on oral multiple sclerosis therapy U.C.B. and BIIB announce a global collaboration to jointly develop and commercialize CDP323 for the treatment of relapsing-remitting multiple sclerosis and other potential indications.Under terms of the agreement, U.C.B will receive upfront and additional payments for development and commercial milestones in excess of 200 million US dollars. Furthermore BIIB will contribute significantly to clinical costs for Phase II and Phase III studies."