Corporate News     23-Dec-11
Orchid's drug discovery research initiative with Merck advances anti-infective program meets preclinical milestone
Orchid Chemicals & Pharmaceuticals has successfully completed a milestone in its anti-infective research collaboration with a subsidiary of Merck & co., Inc (Merck is known as MSD outside the United States and Canada). Consequent to recent progress, Orchid has received the initial US$ 1.5 million milestone payment from Merck.

Under the terms of the agreement, Orchid is eligible to receive payments totaling more than US$ 100 million associated with the achievement of various research and development milestones involving multiple candidates. Orchid is also eligible to receive significant royalties on worldwide net sales of any products commercialized under the agreement.

Previous News
  Orchid Pharma consolidated net profit rises 212.23% in the June 2024 quarter
 ( Results - Announcements 13-Aug-24   07:29 )
  Orchid Pharma announces board meeting date
 ( Corporate News - 10-Aug-24   12:49 )
  Orchid Pharma to conduct AGM
 ( Corporate News - 18-Jul-24   20:35 )
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
 ( Hot Pursuit - 29-Jun-24   10:08 )
  Orchid Pharma partners with Cipla to launch antibiotic drug - Cefepime-Enmetazobactam in India
 ( Corporate News - 28-Jun-24   19:23 )
  Sensex up 273 pts; IT shares outperforms
 ( Market Commentary - Mid-Session 06-Jun-24   14:42 )
  Orchid Pharma receives DCGI approval for Enmetazobactam
 ( Corporate News - 06-Jun-24   13:06 )
  Orchid Pharma gains on DCGI nod for new antibiotic drug combination
 ( Hot Pursuit - 06-Jun-24   12:38 )
  Orchid Pharma slides as PAT slumps 49% YoY in Q4 FY24
 ( Hot Pursuit - 24-May-24   12:56 )
  Orchid Pharma consolidated net profit declines 44.27% in the March 2024 quarter
 ( Results - Announcements 24-May-24   07:34 )
  Orchid Pharma to conduct board meeting
 ( Corporate News - 17-May-24   14:12 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top