By ,
Published November 09, 2015
Sanofi has agreed to collaborate with Lexicon Pharmaceuticals on Sotagliflozin, a potential oral treatment for people with diabetes, the French drugmaker said on Friday.
Lexicon will receive an upfront payment of $300 million under the collaboration and license deal, Sanofi said in a statement.
Lexicon could also receive development, regulatory and sales milestone payments of up to $1.4 billion, as well as rising double-digit percentage royalties on net sales of Sotagliflozin.
(Reporting by Alan Charlish; Editing by James Regan)
https://www.foxnews.com/health/sanofi-lexicon-sign-diabetes-license-and-collaboration-deal