Pfizer Licenses Spinal Muscular Atrophy Program From Repligen

In August, Repligen (NASDAQ: RGEN  ) decided¬†to get out of the drug discovery business and focus on manufacturing biologic drugs, so it wasn't a big surprise today when the company announced that it had licensed its spinal muscular atrophy, or SMA, program to Pfizer (NYSE: PFE  ) .

The SMA program includes a phase 1 drug candidate, RG3039, as well as backup compounds and enabling technologies. Repligen licensed the program from Families of SMA, a charity that offers support to families and researchers developing drugs to treat the disease. SMA is a neurodegenerative genetic disease that affects approximately one in 6,000 babies.

Repligen will get $5 million upfront and potentially another $65 million if future milestones are met. Pfizer also owes Repligen undisclosed royalties on any future sales of SMA drugs developed under the agreement.

Repligen will complete the first two cohorts of healthy volunteers in the ongoing phase I trial of RG3039, and then Pfizer will take over development of the program.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2177964, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:17:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 hour ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:00 PM
PFE $33.83 Up +0.19 +0.56%
Pfizer CAPS Rating: ****
RGEN $31.71 Up +0.70 +2.26%
Repligen CAPS Rating: ***