US biotech Vertex Pharmaceuticals (Nasdaq: VRTX), best known as a big player in the cystic fibrosis field, has entered another licensing deal aiming to extend its range of therapeutic interests.
Today, Vertex announced a global collaboration with fellow USA-based biotech Entrada Therapeutics (Nasdaq: TRDA) focused on discovering and developing intracellular Endosomal Escape Vehicle (EEV) therapeutics for myotonic dystrophy type 1 (DM1), a form of muscular dystrophy that affects muscles and many other organs in the body
The collaboration includes Entrada’s program for DM1, ENTR-701, which is in late-stage pre-clinical development, and news of the deal pushed the firm’s shares up more than 17% to $20.78 by mid-morning trading.
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