Great game....(:>)
Appears that SGP might be on the buying end instead of being taken over...
""We will continue to seek out opportunities and demonstrate the qualities that Schering-Plough can bring as a licensing and comarketing partner," Hassan said. "These kinds of agreements are an important way for us to strengthen our competitive position and broaden our product pipeline," he added, citing two recent examples. In August, the company announced it had exercised its rights to develop and commercialize CNTO 148 (golimumab) with Centocor, Inc. Golimumab is a fully human monoclonal antibody being developed as a therapy for the treatment of rheumatoid arthritis and other immune-mediated inflammatory diseases. Effective Sept. 1, Schering-Plough acquired exclusive U.S. development and commercialization rights to INTEGRILIN for acute coronary syndrome under a restructured agreement with Millennium Pharmaceuticals, Inc., as previously disclosed. Turning to the FDA consent decree, he said Schering- Plough continues to make steady progress in fulfilling its obligations to the U.S. Food and Drug Administration. As of Sept. 30, the company has completed 197 of 212 significant steps and 27 of 30 validation actions without incurring any payments for missed deadlines. An important recent accomplishment was the completion of revalidation programs for bulk active pharmaceutical ingredients by Sept. 30, 2005, as required under the consent decree. The company is working toward its goal of completing the GMP Workplan and revalidation of finished drugs by Dec. 31, 2005. "While we have built an excellent record of meeting our consent decree commitments, we know our work is not yet done and challenges remain. We intend to meet those challenges," he added, "in order to be in a position to request by May of 2007 to have the decree lifted. These efforts have further strengthened the company and better prepared us to meet the challenges of the future." |
