Ionis expands eplontersen deal with AstraZeneca
Shares of Ionis Pharmaceuticals (Nasdaq: IONS) closed up 3.3% at $39.79 on Friday, after the US RNA-targeted drug developer revealed it has expanded its existing collaboration with AstraZeneca (LSE: AZN) to include exclusive rights for the UK pharma major to commercialize eplontersen in Latin America.
Ionis previously granted AstraZeneca exclusive rights to commercialize eplontersen in all other countries outside the USA in December 2021, in a deal worth a potential $3.6 billion. Ionis and AstraZeneca will continue to jointly develop and commercialize eplontersen in the USA.
The companies are successfully advancing eplontersen by combining Ionis' industry-leading expertise in RNA-targeted therapeutics and deep knowledge of transthyretin amyloidosis (ATTR) with AstraZeneca's global cardiovascular commercial capabilities. In April this year, the companies announced positive results from the NEURO-TTRansform Phase III trial in hereditary transthyretin-mediated amyloid polyneuropathy (ATTRv-PN) testing eplontersen.
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