Portola develops innovative therapeutics based on targets with established proofs of concept that are designed to provide significant advances over current treatments for cardiovascular disease and inflammation. The company has global development and commercialization agreements with two of the world’s leading pharmaceutical companies collectively valued at about $1 billion in upfront and milestone payments plus double-digit royalties on future sales.
Betrixaban, our oral direct Factor Xa inhibitor is licensed to Merck & Co., Inc., and elinogrel, our competitive and reversible P2Y12ADP receptor antagonist, is licensed to Novartis. Both betrixaban and elinogrel are Phase 2 product candidates that have best-in-class features to address the global multi-billion hospital, specialty, and chronic care anticoagulant and antiplatelet markets, respectively.
We also have proprietary pipeline programs that diversify our portfolio and could offer opportunities for accelerated development.
These include:
Our scientists are recognized leaders in the fields of platelet biology and thrombosis. Working together for more than a decade, our scientific team was the first to clone the platelet ADP receptor P2Y12, the target of both Plavix® and our own ADP receptor antagonist, elinogrel. Our team was also instrumental in the discovery, development and commercialization of the leading GP IIb-IIIa inhibitor, INTEGRILIN®.