ZURICH, April 15 Swiss drugmaker Roche Holding
AG said it had teamed up with biotech firm Ascletis to
develop and commercialise its investigative drug danoprevir in
China for the treatment of the Hepatitis-C virus.
Under the terms of the agreement, Ascletis will fund and be
responsible for regulatory affairs and developing and
manufacturing danoprevir in greater China, including Taiwan,
Hong Kong and Macau.
Ascletis will receive payments upon reaching certain
development and commercial milestones from Roche.
Ten million patients are infected annually with Hepatitis-C
in China and there are no direct antiviral agents currently
marketed to treat the disease, Ascletis said.
(Reporting by Caroline Copley)