Archive: Company News
Company News: Phenex receives 100 M USD Milestone Payment from Gilead
Phenex Pharmaceuticals AG (Phenex) today announced that the company has received a 100 M USD milestone payment from Gilead Sciences, Inc. of Foster City, CA, U.S.A., for its program with GS-9674 targeting nonalcoholic steatohepatitis (NASH). GS-9674 is a novel, synthetic and non-steroidal FXR agonist which was originally developed by Phenex and then sold to Gilead. In December 2014, Gilead acquired the Farnesoid X Receptor (FXR) program from Phenex, in a deal valued at 470 million USD. GS-9674 is the clinical drug candidate that Gilead has elected to test in patients with liver diseases such as NASH, primary biliary cholangitis (PBC) and primary sclerosing cholangitis (PSC).


