Acceleron tweaks Celgene agreement, to develop sotatercept for PAH By Seeking Alpha

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Acceleron tweaks Celgene agreement, to develop sotatercept for PAH

Published Sep 19, 2017 09:38AM ET

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Acceleron Pharma (XLRN) has amended its 2008 development and commercialization agreement with Celgene (CELG -0.1%) related to sotatercept, giving it global access to develop the ligand trap for the treatment of pulmonary arterial hypertension (PAH). A Phase 2 study is on tap for H1 2018.
Under the terms for the amended agreement, XLRN has the right to fund and conduct all R&D related to the indication. If approved, XLRN will commercialize and pay CELG royalties on global net sales.
The original contract will remain as is for non-PAH uses.
XLRN has updated its cash guidance, projecting its current quick assets will be sufficient to fund operations into mid-2019 instead of H2 2019.
Now read: The Concentrated Portfolio - August Update

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