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Lucky No 5? Pharmacyclics collects $50mn for fifth patient in ibrutinib trial

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Executive Summary

Five, or maybe 50, must be Pharmacyclics' lucky number: the Sunnyvale, California-based company collected a $50 million milestone payment from Janssen Biotech when the fifth patient was enrolled in the Phase III RESONATE clinical trial evaluating the partners' ibrutinib (PCI-32765) versus GlaxoSmithKline's Arzerra (ofatumumab) in patients with relapsed or refractory lymphocytic leukaemia or small lymphocytic lymphoma (CLL/SLL).

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