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Ionis earns $45M fee from Roche for rights to Huntington's candidate

Published 12/18/2017, 07:47 AM
© Reuters.  Ionis earns $45M fee from Roche for rights to Huntington's candidate
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  • U.S. regulators have signed off on Ionis Pharmaceuticals' (NASDAQ:IONS) license agreement with Roche (OTCQX:RHHBY) for the rights to IONIS-HTTrx, an antisense drug for the potential treatment of Huntington's disease (HD), an Orphan Drug designation in the U.S. and Europe.
  • Ionis will transfer the ongoing open-label extension study to Roche who will assume responsibility for all clinical development, regulatory and commercialization activities and costs. The action triggers a $45M license fee payment to Ionis from Roche.
  • The companies are collaborating in HD under a 2013 agreement.
  • Now read: Biotech Analysis Central Pharma News: AbbVie And Roche Stellar Data, Aduro Pulls The Cord, Allergan (NYSE:AGN)'s Bargain Bin Buy


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