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Stock impact report

Chiesi buys into Arbor gene editing drug for rare kidney disease [Yahoo! Finance]

Gossamer Bio, Inc. (GOSS) 
Last gossamer bio, inc. earnings: 3/24 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Chiesi Group has formed an alliance with Arbor Biotechnologies that gives the Italian pharmaceutical company ownership of an experimental gene editing treatment for a rare kidney condition. Under the terms of the deal announced Monday, Chiesi will pay Arbor up to $115 million in upfront and near-term payments for global rights ABO-101 , which is being studied in a disease called primary hyperoxaluria type 1 and is currently in an early-stage clinical trial. The collaboration also gives Chiesi the option to license other liver-targeting gene editing treatments from Arbor for rare diseases. The biotechnology startup stands to receive up to $2 billion in downstream payments, as well as royalties, if a variety of unspecified milestones are met. In an interview with BioPharma Dive, Devyn Smith, Arbor's CEO, said his company partnered with Chiesi because it is “very committed” to rare disease drug development. “We didn't want someone to do the partnership, and then a year later, th Show less Read more
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