Biogen (Nasdaq: BIIB) is to pay $25 million upfront to Ionis Pharmaceuticals (Nasdaq: IONS) as part of an expansion of their collaboration to identify new antisense oligonucleotide drug candidates for the treatment of spinal muscular atrophy (SMA).
The US companies are already partners in a number of strategic alliances, including over the development and commercialization of Spinraza (nusinersen), which gained US approval in December 2016 to treat pediatric and adult patients with SMA.
This new deal will also see Biogen having the option to license therapies arising out of the collaboration, and it will be responsible for their development and commercialization and must pay milestone sums to Ionis, as well as further payments and royalties on any sales achieved.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze