Market Overview

Depomed Announces FDA Approval of Merck's JANUMET XR That Accesses Depomed Patents Licensed to Merck


Depomed, Inc. (Nasdaq: DEPO) today announced that Merck disclosed on February 2, 2012 that the U.S. Food and Drug Administration approved JANUMET® XR (sitagliptin and metformin hydrochloride extended-release) tablets, a new treatment for type 2 diabetes that combines sitagliptin, which is the active component of JANUVIA® (sitagliptin), with extended-release metformin. JANUMET® XR provides a convenient once-daily treatment option for healthcare providers and patients who need help to control their blood sugar.

Depomed has provided Merck a license to certain of Depomed's patents directed to metformin extended release technology for JANUMET® XR pursuant to the terms of the license agreement signed with Merck in 2009. Depomed received $10 million upon signing the license agreement and $2.5 million upon Merck's filing of the JANUMET® XR New Drug Application with the FDA. Depomed will receive modest, single-digit royalties on net product sales of JANUMET® XR through the expiration date of the licensed patents.

Posted-In: News FDA


Related Articles (DEPO)

View Comments and Join the Discussion!

Partner Center