Home  Media Press releases 2005
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| 11 July 2005 | 2005-07-11T07:00:00.0000000+01:00 |
| ASTRAZENECA AND AVANIR ANNOUNCE GLOBAL ALLIANCE TO DISCOVER AND DEVELOP NOVEL REVERSE CHOLESTEROL TRANSPORT ENHANCING COMPOUNDS
AstraZeneca today announced an exclusive global licensing and research collaboration agreement with Avanir to discover, develop and commercialise Reverse Cholesterol Transport (RCT) enhancing compounds for the treatment of cardiovascular disease. | RCT enhancing compounds aim to enhance the flow of lipids from tissues, such as blood vessel walls, and the transportation of lipids to the liver for excretion by promoting a natural process known as reverse cholesterol transport. Compounds that enhance this pathway may potentially reverse existing vascular disease in comparison to current agents that have to date only been shown to prevent disease progression.
“AstraZeneca has a strategic commitment to find new treatments for dyslipidaemia, and Reverse Cholesterol Transport is an exciting therapeutic area for us. We wish to build on our existing strengths and this alliance will open up new opportunities for AstraZeneca in the treatment of cardiovascular disease”, said Gunnar Olsson, Head of Cardiovascular Therapy Area, AstraZeneca.
Under the terms of the agreement, Avanir will receive an upfront payment of $10 million. In addition, Avanir is eligible for milestone payments totaling $330 million, contingent upon achievement of development and regulatory milestones and on achievement of sales targets, together with the payment of stepped royalties rising from single digit to low double digit rates dependent on sales achieved. AstraZeneca will assume responsibility for development, and for both product discovery and development costs, and both parties will contribute scientific expertise in the research collaboration.
”Reverse Cholesterol Transport is an attractive target for the development of drugs for cardiovascular disease. AstraZeneca has a long-standing record of achievement in the development and commercialization in the dyslipidaemia area. Their leadership in cardiovascular therapies makes them the ideal partner to maximize the potential of this programme,” said Martin Emanuele, VP Business Development, Avanir Pharmaceuticals.
RCT is a natural process that involves flow of cholesterol from all tissues, including the walls of blood vessels, and its subsequent transport to the liver for metabolism and removal from the body. The process is complex, involving several steps, and a variety of specialized transporter molecules and carrier proteins to take cholesterol out of body tissues into the liver. Once cholesterol is taken up by the liver, it can then be transported to the gall bladder for excretion.
Enhancement of the reverse cholesterol pathway is promising because it is likely to provide a more effective process for protecting blood vessels from vascular disease induced by abnormal blood lipids. Currently available agents are effective in prevention of the fuller development of additional lipid rich plaque, but have yet to be proved effective in regressing or decreasing the existing plaque burden. Enhancing the RCT pathway may be more effective at reducing pre-existing vascular disease.
Media Enquiries:
Edel McCaffrey, Tel: +44 (0) 207 304 5034
Steve Brown, Tel: +44 (0) 207 304 5033
Investor Enquiries:
Mina Blair, Tel: +44 (0) 207 304 5084
Jonathan Hunt, Tel: +44 (0) 207 304 5087
Notes to Editors:
AstraZeneca is a major international healthcare business engaged in the research, development, manufacture and marketing of prescription pharmaceuticals and the supply of healthcare services. It is one of the world's leading pharmaceutical companies with healthcare sales of over $21.4 billion and leading positions in sales of gastrointestinal, cardiovascular, respiratory, oncology and neuroscience products. AstraZeneca is listed in the Dow Jones Sustainability Index (Global) as well as the FTSE4Good Index.
Avanir Pharmaceuticals is a drug discovery and development company focused on developing and commercializing novel therapeutic products for the treatment of chronic diseases. Avanir’s product candidates address therapeutic markets that include central nervous system and cardiovascular disorders, inflammation and infectious disease. Further information about Avanir can be found at www.avanir.com.
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