UPDATE 1-Roche in hepatitis C drug deal with Ascletis in China
Mon Apr 15, 2013 1:56am EDT
* Ascletis to fund, develop, manufacture drug in China
* To receive milestone payments, royalties from Roche
* 10 mln patients infected with hepatitis C in China each year (Adds details)
ZURICH, April 15 (Reuters) - Swiss drugmaker Roche Holding AG said it had teamed up with emerging biotech firm Ascletis to develop and commercialise its investigational drug danoprevir in China for the treatment of the hepatitis C virus.
Under the agreement, Ascletis will fund, develop and manufacture danoprevir in greater China, including Taiwan, Hong Kong and Macau and will also be responsible for regulatory affairs.