Pharmacyclics Forms Pact to Develop and Commercialize PCI-32765 for Hematologic Cancers with Janssen Biotech, Inc.

Pharmacyclics to receive up to $975 million, inclusive of an upfront payment of $150 million, as well as development and regulatory milestone payments.

Profits to be shared 50/50 worldwide. Both Pharmacyclics and Janssen to book revenue, Pharmacyclics in the US and Janssen in the rest of the world



Pharmacyclics, Inc. (Nasdaq: PCYC), announced that it has entered into a worldwide collaboration with Janssen Biotech, Inc., one of the Janssen Pharmaceutical Companies of Johnson & Johnson (NYSE: JNJ), to develop and commercialize PCI-32765, a novel, oral, first-in-class Bruton's tyrosine kinase (Btk) inhibitor being developed for the treatment of Non Hodgkin's Lymphoma, Chronic Lymphocytic Leukemia and Multiple Myeloma, all of which are considered hematological malignancies. PCI-32765 was developed by Pharmacyclics and is currently in Phase II clinical trials.

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