G1 Therapeutics and Boehringer Ingelheim Collaborate to Co-Promote Trilaciclib for Small Cell Lung Cancer in the US and Puerto Rico

 G1 Therapeutics and Boehringer Ingelheim Collaborate to Co-Promote Trilaciclib for Small Cell Lung Cancer in the US and Puerto Rico

G1 Therapeutics and Boehringer Ingelheim Collaborate to Co-Promote Trilaciclib for Small Cell Lung Cancer in the US and Puerto Rico

Shots:

  • Boehringer to receive payments to cover start-up expenses and pre-approval initiatives for a successful commercial launch. Additionally, it receives mid-twenties percentage of net sales in the 1st yr. of commercialization, which decreases to a low double-digit/high single-digit percentage in the 2nd and 3rd year respectively
  • G1 will book revenue in the selective territories and retain global development and commercialization rights to Trilaciclib. In the US and Puerto Rico, G1 will lead marketing, market access, and medical engagement initiatives while Boehringer will control salesforce engagements
  • G1 will not make any payments after the expiration of 3yrs. agreement and does not extend the agreement to additional indications for the therapy. Trilaciclib is a first-in-class investigational therapy designed to improve outcomes for people with cancer treated with CT and has received the FDA’s BT designation and has submitted NDA for SCLC in Jun’2020

Click here to read full press release/ article | Ref: Buisnesswire | Image: Boehringer Ingelheim

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

Related post