Johnson & Johnson licenses Vedanta’s bowel disease drug

THINKSTOCK

BOSTON (AP) — Johnson & Johnson has licensed a potential treatment for inflammatory bowel diseases from a company developing therapies that alter interactions between the immune system and microbes in the body.

J&J’s Janssen Pharmaceutical Companies unit says Vedanta Biosciences of Boston could receive up to $241 million, including an upfront payment and additional ones if a medicine gets approved for a bowel disease such as ulcerative colitis or Crohn’s disease.

The experimental treatment, called VE202, hasn’t been studied in people but has shown effectiveness in animal tests. J&J will handle future testing.

The two companies could expand the partnership to treatments for additional conditions.

Johnson & Johnson, based in New Brunswick, New Jersey, is a leader in treatments for inflammatory bowel and other immune disorders, selling Remicade, Simponi and Stelara.

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