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Millennium and Ortho Biotech enter U.S. agreement to promote bortezomib for injection

Published in Medical Letter on the CDC and FDA, November 26th, 2006

Millennium Pharmaceuticals, Inc. (MLNM) and Ortho Biotech Inc. announced that the companies have entered into a 2-year agreement to jointly promote Velcade (bortezomib) in the U.S. Velcade is a cancer therapeutic used to treat patients with relapsed multiple myeloma.

Under the terms of the agreement, Ortho Biotech will join Millennium in the first quarter of 2007 to promote Velcade to U.S.-based physicians who treat multiple myeloma patients who have received at least one prior therapy. The Ortho Biotech sales force will dedicate a pre-specified amount of effort selling Velcade and Millennium will pay a percentage of the Velcade-related costs for the Ortho Biotech sales...

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