"Diabetes is much on Merck’s mind of late. On Monday, the company announced a collaboration with Pfizer to commercialize its ertugliflozin (PF-04971729), an investigational oral sodium glucose cotransporter (SGLT2) inhibitor being evaluated for type 2 diabetes. Merck agreed to pay Pfizer up to $60 million in undisclosed upfront and milestone payments, plus possible additional payments tied to also undisclosed future clinical, regulatory, and commercial milestones. However, Merck and Pfizer would share potential revenues and certain costs on a 60%/40% basis."

http://www.genengnews.com/gen-news-highlights/merck-launches-up-to-430m-diabetes-collaboration-with-abide/81248310/