Regulus shares up on deal with Biogen for microRNA biomarkers in MS
Regulus Therapeutics (Nasdaq: RGLS) has entered into a new collaboration agreement with fellow US biotech firm Biogen Idec (Nasdaq: BIIB) to expand its research focused on identifying microRNAs as biomarkers for multiple sclerosis (MS) under its Regulus microMarkers division.
The news pushed Regulus’ shares up by as much as 28% in pre-market activity, but they were up just 5.7% to $7.02 by mid-morning trading today.
The new research will focus on profiling a large number of whole blood samples from a cohort of MS patients who have been treated with a Biogen Idec MS therapy to identify potential microRNA signatures. Regulus will receive $2 million upfront and is eligible for future payments upon achievement of certain milestones related to the identification of potential microRNA signatures.
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