logo
Plus   Neg
Share
Email

Roche Enters Licensing Deal With Sarepta On Duchenne Muscular Dystrophy

Roche (RHHBY) said it obtains the exclusive right to launch and commercialize SRP-9001, Sarepta Therapeutics, Inc.'s (SRPT) investigational micro-dystrophin gene therapy for Duchenne muscular dystrophy or DMD outside the United States.

As per the terms of the agreement, Sarepta will receive an upfront payment of $750 million in cash and $400 million in equity.

In addition, Sarepta is eligible to receive up to $1.7 billion in regulatory and sales milestones, plus royalties on net sales.

Roche and Sarepta will equally share global development expenses.

As part of the agreement, Roche also obtains an option to acquire ex-U.S. rights to certain future DMD-specific programs from Sarepta, in exchange for separate milestone and royalty considerations, and cost sharing.

The companies anticipate that the agreement will close in the first quarter of 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT