lower schreef op 11 juni 2018 14:26:
Translate Bio teams up with Sanofi in infectious diseases in partnership valued as high as $850M
Jun. 11, 2018 8:20 AM ET|About: Sanofi (SNY)|By: Douglas W. House, SA News Editor
Pending IPO Translate Bio (TBIO) inks a multiyear R&D and licensing agreement with Sanofi's (NYSE:SNY) vaccine unit Sanofi Pasteur aimed at developing mRNA vaccines for up to five undisclosed infectious disease pathogens.
Under the terms of the three-year deal, the companies will jointly conduct R&D to advance the vaccine candidates. Translate Bio will receive $45M upfront, up to $805M in milestones and option exercise fees and tiered royalties on net sales.
Sanofi Pasteur will pay all costs during the research term and will receive exclusive global commercialization rights.
Translate Bio will be responsible for clinical manufacture and will be entitled to additional payments under a separate supply agreement.
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