Alder Biopharmaceuticals expands collaboration with Schering-Plough

Tue. June 09, 2009; Posted: 01:04 PM

Jun 09, 2009 (Datamonitor via COMTEX) -- SGP | Quote | Chart | News | PowerRating -- Alder Biopharmaceuticals, an antibody therapeutics company, has expanded its collaborative alliance with Schering-Plough, a science-centered healthcare company.

Under terms of the agreement, Alder will receive an upfront payment, committed funding for Alder personnel who are engaged in the project and milestone payments associated with the advancement of a therapeutic candidate as well as future product royalties.

Candidates with potential applications to central nervous system disorders are being identified through the application of Alder's innovative high throughput antibody selection system and yeast production system (Mab Xpress).

Randall Schatzman, CEO of Alder, said: "This expanded collaboration further validates the promise and potential of Alder's leading capabilities to expeditiously identify and manufacture therapeutic monoclonal antibodies. We look forward to the continued and expanded partnership with Schering Plough. More broadly, we are pleased to be positively impacting the way in which companies discover and manufacture biotherapeutics."

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For full details on Schering-Plough Corp (SGP) click here. Schering-Plough Corp (SGP) has Short Term PowerRatings of 6. Details on Schering-Plough Corp (SGP) Short Term PowerRatings is available at This Link.

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