Drug Royalty Corp. Buys Future Royalty Rights to Arthritis Drug from MGH
 
Toronto-based Drug Royalty Corporation last week said that it has acquired the future right to receive royalties on the sale of the drug Enbrel from the Massachusetts General Hospital.
 
Under the terms of the agreement, Drug Royalty has paid MGH and Enbrel’s faculty inventors a one-time payment of $300 million less accrued royalties for the period from July 1, 2006 to December 31, 2006.
 

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