Agouron Acquires New HIV Protease Inhibitor from Japan Energy Corporation [International Conference on AIDS (12th: 1998: Geneva, Switzerland)]

Agouron 5571095.0147.01 1 Pharmaceutals, Inc. NEWS Investor Contact: Media Contact: Donna Nichols, Vice President Joy Schmitt, Manager Head of Corporate Communications Product Public Relations (619) 622-3009 (619) 622-3220 For Release at 8:00 a.m. EDT on June 30, 1998 AGOURON ACQUIRES NEW HIV PROTEASE INHIBITOR FROM JAPAN ENERGY CORPORATION LA JOLLA, Calif., June 30, 1998 - Agouron Pharmaceuticals, Inc. (Nasdaq: AGPH) today announced it has acquired rights to develop and commercialize JE-2147, a novel HIV protease inhibitor discovered by Japan Energy Corporation, Tokyo, Japan. Agouron plans to initiate clinical studies of JE-2147, formerly known as KNI-764, in 1999. Agouron will have exclusive rights to the development and commercialization of JE-2147 in North America, Europe and many other countries, while Japan Energy will supply compound for development and maintain commercialization rights in Japan, Korea, and Taiwan. Under the agreement with Agouron, Japan Energy will receive license fees of up to $26 million, including an initial $6 million license fee as well as additional milestone payments. In addition, Agouron will pay Japan Energy royalties based on sales of JE-2147. "There is an urgent and growing need for a new HIV protease inhibitor capable of acting on virus that has become resistant to currently available compounds," said Peter Johnson, Agouron's president and chief executive officer. "A comprehensive review of preclinical data convinced us that JE-2147 has unique potential to meet this need." Data presented at the 12th World AIDS Conference in Geneva this week by Japan Energy scientists demonstrated that JE-2147 is fully active against a battery of virus strains representing the predominant resistance mutations produced by currently available protease inhibitors. JE-2147 also demonstrated synergistic anti-viral activity in vitro when combined with nelfinavir, indinavir, ritonavir, saquinavir, or amprenavir. Agouron Pharmaceuticals, Inc. is an integrated pharmaceutical company committed to the discovery, development, manufacturing, and marketing of innovative therapeutic products engineered to inactivate proteins that play key roles in cancer, AIDS, and other serious diseases. -more

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Agouron Acquires New HIV Protease Inhibitor from Japan Energy Corporation [International Conference on AIDS (12th: 1998: Geneva, Switzerland)]
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Agouron Pharmaceuticals
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Agouron Pharmaceuticals, Inc.
1998-06-30
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"Agouron Acquires New HIV Protease Inhibitor from Japan Energy Corporation [International Conference on AIDS (12th: 1998: Geneva, Switzerland)]." In the digital collection Jon Cohen AIDS Research Collection. https://name.umdl.umich.edu/5571095.0147.011. University of Michigan Library Digital Collections. Accessed May 10, 2025.
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