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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bayer AG | TG:BAYN | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 1.85% | 27.475 | 27.375 | 27.57 | 27.61 | 26.94 | 26.945 | 404,068 | 22:50:04 |
From Apr 2019 to Apr 2024
By Chelsey Dulaney
Isis Pharmaceuticals Inc. (ISIS) has agreed to license its experimental anticlotting drug to a Bayer AG (BAYRY, BAYN.XE) unit for an initial payment of $100 million.
Bayer HealthCare will develop and commercialize the drug. Bayer plans to evaluate the drug, ISIS-FXI, in patients who can't use anticoagulants, such as patients with a high risk of bleeding.
Bayer said the drug complements its pipeline of thrombosis treatments. Thrombosis is a process involving blood-clot formation that can result in heart attacks and strokes.
Isis Pharmaceuticals is also eligible for a $55 million payment after a phase-two study in patients with compromised kidney function. The company will also be eligible for milestone payments and royalties.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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