AM-Pharma and Pfizer Inc. shortlisted for "Best Partnership Alliance" in 2015 Scrip Awards

AM‐Pharma B.V., a biopharmaceutical company focused on the development of recAP (recombinant human Alkaline Phosphatase), and Pfizer Inc. have been nominated for the prestigious category of “Best Partnership Alliance” for the 11th Annual Scrip Awards, organised by Scrip Intelligence, the leading source of news and strategic analysis for the global pharmaceutical industry.

The nomination arises from an agreement announced in May 2015, in which Pfizer made an upfront payment of $87.5 million for a minority equity interest in AM-Pharma, and gained an exclusive option to acquire the remaining equity in the Company with additional potential payments of up to $512.5 million upon option exercise and potential launch of any product that may result from this agreement.

According to Scrip, this category seeks to reward innovative partnerships between companies in which they share the risks and rewards inherent in developing new drugs. The judges look for deals that are the most mutually beneficial, have the most strategic potential, and are innovative in their structure.

“We are delighted to have made the shortlist for this year's Scrip Awards. We believe this external and independent validation highlights the innovative structure of the agreement with Pfizer and the potential of recAP,” said Erik van den Berg, CEO of AM-Pharma. “We look forward to the Scrip Awards ceremony in early December, and the announcement of the winners.”

Source: AM Pharma