Roche pays Ionis $45 million for exciting Huntington's candidate
Carlsbad, California-based Ionis Pharmaceuticals (Nasdaq: IONS) has announced that Roche (ROG: SIX) has excerised its option to license its IONIS-HTTRx after positive Phase I/IIa data in Huntington's disease (HD).
The results, which were covered enthusiastically by mainstream media outlets, have been described as potentially the “biggest breakthrough in neurodegenerative diseases for 50 years.”
The positive outcome for Ionis, which follows recent less encouraging news from the company’s attempts to bring inotersen to market as a treatment for ATTR amyloidosis, triggered a $45 million license fee payment from the Swiss pharma giant.
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
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
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
More on this story...
Today's issue
Company Spotlight
More Features in Biotechnology
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze