SanegeneBio and Genentech sign $1.5bn global RNAi licensing deal [Yahoo! Finance]
ROCHE HOLDING LTD S/ADR (RHHBY)
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Source: Yahoo! Finance
The deal grants Genentech exclusive global rights to develop and commercialise the selected RNAi programme. According to the contract, SanegeneBio will manage early development activities while Genentech will assume responsibility for all subsequent clinical development and global commercialisation. The collaboration centres on SanegeneBio's RNAi platform, which features new chemistries and delivery technologies designed to generate small interfering ribonucleic acid (siRNA) medicines targeting multiple disease areas. The deal provides SanegeneBio with an upfront payment of $200m. Additionally, the company is eligible for development and commercialisation milestone payments that total up to $1.5bn, alongside tiered royalties based on future product sales. SanegeneBio CEO and founder Weimin Wang said: “Entering into this agreement with Genentech marks another important milestone for our innovative and differentiated RNAi chemistry and delivery platforms. We are delighted to wo
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