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Roche, Atea team up on potential COVID-19 pill - Metro US

Roche, Atea team up on potential COVID-19 pill

FILE PHOTO: A sign at a diagnostics site for Swiss pharmaceutical giant Roche is seen as the company said problems at a new warehouse delayed the dispatch of some products

ZURICH (Reuters) – Roche Holding and Atea Pharmaceuticals have joined forces to develop an antiviral oral treatment called AT-527, now in phase 2 clinical trials, as a potential treatment for COVID-19 patients, the companies said on Thursday.

If the pill is approved, Boston-based Atea will distribute it in the United States and Roche will be responsible for global manufacturing and distribution outside the U.S. market. Atea will get an upfront payment of $350 million in cash from Roche with potential for future milestone payments and royalties.

(Reporting by Michael Shields; Editing by Riham Alkousaa)

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