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Roche Signs a ~$1B Agreement with Blueprint Medicines for its Precision Therapy to Treat Patients with RET-Altered Cancer Indications

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Roche Signs a ~$1B Agreement with Blueprint Medicines for its Precision Therapy to Treat Patients with RET-Altered Cancer Indications

Shots:

  • Blueprint Medicine to receive $675M as up front- $100M as an equity investment and is eligible to receive up to $927M as development- regulatory and commercial milestones along with royalties on sales of therapy outside the US
  • Roche to get an exclusive right to co-develop globally and commercialize pralsetinib outside the US- excluding Greater China. In the US- Roche will get co-commercialization rights to pralsetinib. The companies will share global development expenses based on pre-specified cost-sharing percentages and equally share profits and losses in the US
  • Pralsetinib (qd- PO) is precision therapy for the treatment of patients with RET-altered NSCLC- MTC and other types of thyroid cancer- and solid tumors and has demonstrated tumor-agnostic potential with its PDUFA date as Nov 23- 2020

Click here to read full press release/ article 

Ref: Roche | Image: Roche 


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