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Stock impact report

SciNeuro and Novartis sign global licensing deal for Alzheimer's antibody [Yahoo! Finance]

Avidity Biosciences, Inc. (RNA) 
Company Research Source: Yahoo! Finance
The agreement will leverage SciNeuro's proprietary blood-brain barrier shuttle technology, aiming to deliver potential differentiation from current amyloid beta agents in development or on the market. Both companies will jointly oversee early-stage development of the antibody candidates. Following the initial stages, Novartis will assume responsibility for all further product development and commercialisation worldwide. Under the agreed terms, SciNeuro will receive an upfront payment of $165m. The company may also receive research funding, along with up to $1.5bn in potential development, regulatory and commercial milestones. Tiered royalties will also be available. Completion of the transaction is anticipated in the first half of 2026, subject to the end or waiver of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 waiting period and fulfilment of customary closing conditions. SciNeuro founder and CEO Min Li said: “The anti-amyloid programme represents one of SciNeur Show less Read more
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