Neurocrine and Voyager Collaborate to Develop and Commercialize VY-AADC & VY-FXN01 for Parkinson’s & Friedreich’s Ataxia Disease

 Neurocrine and Voyager Collaborate to Develop and Commercialize VY-AADC & VY-FXN01 for Parkinson’s & Friedreich’s Ataxia Disease

Neurocrine and Voyager Collaborate to Develop and Commercialize VY-AADC & VY-FXN01 for Parkinson’s & Friedreich’s Ataxia Disease

Shots:

  • Voyager to receive $165M upfront including $115M in cash, $50M equity investment at $11.96/share and $1.7B milestones for its four gene therapy programs including VY-AADC & VY-FXN01. Additionally, Neurocrine to fund the two undisclosed gene therapy programs and Voyager to receive milestone and royalties on its WW sales
  • Neurocrine to fund P-II/III & P-I for VY-AADC (RESTORE-1) study & VY-FXN01 respectively. Post P-II &P-I completion, Voyager has an option for co-commercialization with 50/50 & 60/40 cost-profit (Neurocrine/ Voyager) sharing in the US for VY-AADC & VY-FXN01 respectively. In case of non-exercising of an option, Vogayer will grant WW & US rights of VY-AADC & VY-FXN01 respectively to Neurocrine for milestone and royalties
  • Voyager’s VY-AADC & VY-FXN01 are gene therapy products targeted for direct delivery of AADC gene in neurons & for controlling FXN protein levels respectively

Click here to read full press release/ article | Ref: Globe NewsWire | Image: Market Exclusive

Vartika Singh

Vartika Singh is a content writer who loves to write research articles and reports at PharmaShots. She has in-depth knowledge of the life sciences industry including the Pharma and Biotech sectors. Any articles written by her can be contacted at connect@pharmashots.com.

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