Blueprint Medicines in up to $265 million deal with Alexion
Privately-held Blueprint Medicines has entered a strategic collaboration with USA-based Alexion Pharmaceuticals (Nasdaq: ALXN) to discover, develop and commercialize novel drug candidates for an undisclosed activated kinase target, which is the cause of a rare genetic disease.
Blueprint Medicines will apply its kinase-focused drug discovery platform to identify and optimize drug candidates and will conduct all research activities prior to the filing of an Investigational New Drug (IND) application with the Food and Drug Administration. Alexion will be responsible for the development and commercialization of these Blueprint Medicines' drug candidates under the collaboration.
Financial terms of the deal
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