Roche entered into a $1.15 billion licensing agreement with Sarepta Therapeutics...
) to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy outside the United States.
Roche will make an upfront payment of $750 million in cash and $400 million worth in equity at closing for Sarepta’s investigational micro-dystrophin gene therapy SRP-9001 that is currently in clinical development, the Swiss drugmaker said in a statement on Monday. In addition, Sarepta is eligible to receive up to $1.7 billion in regulatory and sales milestones, plus royalties on net sales, Roche said, adding the agreement was expected to close in the first quarter of 2020.
Sarepta will continue to be responsible for the clinical development and manufacturing of SRP-9001 while sharing global clinical development costs equally with Roche. DMD is a rare degenerative neuromuscular disorder, affecting about one in 3,500-5,000 male births worldwide and causing severe progressive muscle loss and premature death, Roche said.Reporting by Silke Koltrowitz; Editing by Tassilo Hummel and Subhranshu Sahu
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
‘Uncut Gems’ Crosses $1 Million In Second Limited Weekend, ‘Jojo Rabbit’ Hops Past $20 Million, ‘Invisible Life’ Debuts Low – Specialty Box OfficeAs we enter the holiday week, A24’s Uncut Gems starring Adam Sandler has a solid weekend in its second limited weekend on five screens in New York and Los Angeles. The Safdie Brothers crime t…
Consulte Mais informação »
Lone Star to buy BASF construction chemicals unit for $3.51 billionPrivate equity firm Lone Star has entered a deal to buy BASF's construction...
Consulte Mais informação »
Amy Schumer Shares Never-Before-Seen Photo From Her Son Gene's Birth: 'It Was a Very Good Year'Amy Schumer Shares Never-Before-Seen Photo of Her Son Gene's Birth: 'It Was a Very Good Year'
Consulte Mais informação »
Amy Schumer Shared New Photos From the Day She Gave Birth to Her SonAmy Schumer shared new photos from the day she gave birth to her son, Gene.
Consulte Mais informação »
Setting up nieces and nephews for successA reader wants to set up funds for therapy to ensure good mental health. A 529 college savings plan might be more practical.
Consulte Mais informação »