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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer -- Ignore unavailable to you. Want to Upgrade?

To: Icebrg who wrote (1685)	7/10/2006 1:54:21 AM
From: Icebrg	Respond to of 1826

SuperGen Announces Attainment of Milestone from the MGI PHARMA / Cilag GmbH, a Johnson & Johnson Company, Licensing for Dacogen(TM) (Decitabine) for Injection Thursday July 6, 7:02 am ET - Ex-North America Development & Commercialization Agreement - DUBLIN, Calif., July 6 /PRNewswire-FirstCall/ -- SuperGen, Inc. (Nasdaq: SUPG - News), announced the achievement of a milestone as a result of the licensing of Dacogen(TM) (decitabine) for Injection by MGI PHARMA to Cilag GmbH, a Johnson & Johnson (JNJ) company, granting exclusive development and commercialization rights in all territories outside North America. Dacogen is a treatment for patients with myelodysplastic syndromes (MDS) which occur when there is a defect in the blood-forming stem cells, resulting in too few and poorly functioning blood cells. SuperGen will receive 50% of the $10 million upfront payment and as a result of both the original agreement with MGI PHARMA and this sublicense with Cilag GmbH up to $23.75 million in future milestone payments as they are achieved for Dacogen globally. Additionally, SuperGen will receive the 20% to 30% royalty on all sales worldwide. "Janssen-Cilag companies have established a record of success in the field of hematology," said Dr. James Manuso, President and CEO of SuperGen. "The combination of MGI PHARMA and Janssen-Cilag as global developers and marketers of Dacogen should accelerate the availability of this product to patients worldwide."