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Stock impact report

South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
Under the terms of the agreement, ADEL will receive an upfront payment of $80 million, with ?additional milestone ?payments tied to development progress and commercial performance, as well as ?royalties on future sales. Sanofi signed a separate deal with private biotech Dren Bio worth up ?to $1.7 billion on Monday to develop ?autoimmune disease therapies. ADEL's drug candidate, ADEL-Y01, is an antibody therapy designed to block harmful forms of a protein linked to Alzheimer's disease. It is currently in ?early-stage human trials in ?the United States. "ADEL's innovative ?approach to targeting tau acetylation offers a promising and differentiated mechanism ?for addressing ?the underlying causes of Alzheimer's disease," said Erik Wallstroem, global head, Multiple ?Sclerosis, Neurology and Gene Therapy Development at Sanofi. (Reporting ?by Sahil Pandey in Bengaluru; Editing ?by Sherry Jacob-Phillips) Show less Read more
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