New York, NY -- (ReleaseWire) -- 04/19/2013 --Roche Holding AG (OTC:RHHBY) and Isis Pharmaceuticals, Inc. (ISIS) announced, earlier this month, that they have formed an alliance to develop treatments for Huntington's disease (HD) based on Isis' antisense oligonucleotide (ASO) technology.
Under the terms of the agreement, Roche will make an upfront payment of $30 million to Isis, with total payments related to license fee and pre- and post-licensing milestone payments reaching potentially $362 million, including up to $80 million in potential commercial milestone payments. In addition, Isis will receive tiered royalties on sales of the drugs. Roche has the option to license the drugs from Isis through the completion of the first Phase 1 trial.
Roche Holding AG operates in the fields of pharmaceuticals and diagnostics worldwide.
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The Wall Street Journal reported that Nestle SA (Pink:NSRGY) Thursday reported its weakest sales performance in more than three years as a dramatic slowdown in the Swiss food giant's previously strong emerging markets business was compounded by continuing weakness in Europe and the Americas.
The maker of Kit-Kat chocolate bars and Nescafe instant coffee said its sales grew 5.4% to 21.94 billion Swiss francs ($23.52 billion) in the three months to March 31 from a restated 20.82 billion francs a year earlier, short of expectations and down from the 10% growth over the course of 2012.
Nestlé S.A., together with its subsidiaries, provides nutrition, health, and wellness products worldwide.
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