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APR 29, 2013 - Yahoo! News

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Merck, Pfizer to jointly develop diabetes drug

(Reuters) - Drugmakers Pfizer Inc and Merck & Co Inc said they would jointly develop Pfizer's experimental type 2 diabetes drug, ertugliflozin, and expect late-stage trials to start later in 2013. Pfizer has so far received $60 million in upfront and milestone payments and will be eligible for additional payments associated with clinical, regulatory and commercial milestones. Merck and Pfizer will share potential revenue and certain costs on a 60/40 percent basis, the companies said. ...

Tags: Merck, Pfizer to jointly develop diabetes drug,  Pfizer Latest News