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Amgen licenses pain drug to J&J

August 01, 2008|From Times Wire Services

Amgen Inc. agreed to license an experimental pain drug to Johnson & Johnson for $50 million initially and as much as $385 million in additional payments.

The agreement would give J&J, which is based in New Brunswick, N.J., global rights to the drug everywhere except Japan, Amgen said.

The compound from Amgen, which is based in Thousand Oaks, is a fully human anti-nerve growth factor antibody, the statement said.

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