Swedish firm in Chinese HIV deal
James Savage · 12 Feb 2007, 12:18
Published: 12 Feb 2007 12:18 GMT+01:00
Under the deal, the Chinese company will take charge of development of the drug and commercialization in China, Hong Kong, Macao and Taiwan.
Medivir will be paid in the form of shares in the Chinese company, and will also receive royalty payments on sales.
The drug, a non-nucleaoside HIV reverse transcriptase inhibitor, is in late pre-clinical development. Medivir says the drug can provide a chemical barrier to prevent HIV transmission, as well as being used to treat the condition.
Zho Hai-Feng, chairman of Guangdong Lantai Viewland Pharmaceuticals, said the deal with Medivir was a milestone for HIV prevention and treatment in China.
"I believe that the development of an effective prevention method is a vital element to keep this virus in check, and MIV-160 offers a valuable opportunity," he said.