Frequency on the same wavelength as Astellas
Japan’s Astellas Pharma (TYO: 4503) has signed a deal that could be worth over $600 million to privately-held cell and gene therapy specialist Frequency Therapeutics.
Astellas is paying $80 million upfront for an exclusive license agreement to develop and commercialize Frequency’s regenerative therapeutic candidate, FX-322, for the treatment of sensorineural hearing loss.
Frequency may also receive up to an additional $545 million in milestone payments, as well as royalties on any future product sales in the licensed territory.
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