Roche Ends PDL BioPharma Pact

It pulls out of a collaboration agreement.
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PDL BioPharma

(PDLI) - Get Report

, the Fremont, Calif.- based biopharmaceutical company, said that Swiss

Roche

will discontinue its agreement with PDL to jointly develop and commercialize daclizumab for organ transplant patients on longer-term maintenance therapy.

The co-development agreement between PDL and Roche will formally terminate in May 2007.

Roche made this decision subsequent to a periodic internal review of its development programs.

This decision follows another decision by Roche earlier this year to discontinue its involvement in the co-development of daclizumab for the treatment of asthma.

As a result, PDL will hold exclusive development and commercial rights to daclizumab for transplant maintenance.

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