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Janssen Ends Partnership with China's Hutchison MediPharma

publication date: Aug 19, 2015
Janssen Pharma, a Johnson & Johnson subsidiary, has ended its anti-inflammation collaboration with Hutchison MediPharma, the drug R&D arm of Hutchison China MediTech. HMP will continue to develop the collaboration's lead molecule, HMP-507, a small molecule candidate that targets a novel inflammation/immunology kinase. To date, HMP has received $13 million in upfront, milestone and development payments for the program. No reason was given for Janssen's decision. More details....

Stock Symbol: (NYSE: JNJ) (AIM: HCM)

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