Celgene takes option on novel mRNA splicing modifiers using STAR* technology platform
Cambridge, Massachusetts-based Skyhawk Therapeutics has entered into a global strategic collaboration with an affiliate of US biotech major Celgene (Nasdaq: CELG) to discover, develop and commercialize innovative small molecule treatment options for patients with neurological diseases based on Skyhawk's innovative STAR* technology platform.
The collaboration grants Celgene the exclusive option to in-license worldwide intellectual property rights associated with therapeutic candidates for up to five programs with potential utility in the treatment of amyotrophic lateral sclerosis (ALS), Huntington's Disease, and additional neurological disorders. The collaboration includes an upfront payment of $60 million, and potential future license fees, milestone payments, and royalties.
$40 million equity financing for Skyhawk
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