Royalty Pharma inks R&D funding deal with Biogen

12 February 2025

Royalty Pharma (Nasdaq: RPRX) has entered into an agreement with Biogen (Nasdaq: BIIB) to provide research and development (R&D) funding for the US biotech’s litifilimab.

The drug is a first-in-class investigational candidate in Phase III with demonstrated proof-of-concept in both systemic lupus erythematosus (SLE) and cutaneous (CLE).

Royalty Pharma said it will provide up to $250 million over six quarters to Biogen to support the development of litifilimab in exchange for regulatory milestones and mid-single digit royalties on annual worldwide sales.

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