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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (5717)12/23/2019 10:01:58 AM
From: richardred  Respond to of 6087
 
RE-ENZ speculation IMO why ENZ has potential





Roche to pay Sarepta $1B upfront for DMD gene therapy rights


by Nick Paul Taylor |
Dec 23, 2019 4:19am







Sarepta Therapeutics is in line to pocket up to $1.7 billion in regulatory and sales milestones, plus Roche is paying more than $1 billion upfront for the ex-U.S. rights to Sarepta Therapeutics' Duchenne muscular dystrophy (DMD) gene therapy SRP-9001. The deal comes days after Roche advanced its push into gene therapies by closing the takeover of Spark Therapeutics.

Sarepta has linked SRP-9001 to microdystrophin expression levels of up to 96% in early clinical tests, leading it to start a 24-patient placebo-controlled trial that is due to deliver data next year. Coupled to a safety profile that so far makes SRP-9001 look a better prospect than rival gene therapies from Pfizer and Solid Biosciences, the efficacy data have put Sarepta at the forefront of efforts to develop a one-shot treatment for DMD.

That has attracted the attention of Roche. The Swiss drugmaker is set to pay $750 million in cash and $400 million in equity upfront for the ex-U.S. rights to SRP-9001. Sarepta is also in line to pocket up to $1.7 billion in regulatory and sales milestones, plus royalties. Roche will pay half of global clinical development costs, although Sarepta will continue to handle the trials and manufacturing.

fiercebiotech.com