BIOGEN AND SANGAMO ANNOUNCE GLOBAL COLLABORATION TO DEVELOP GENE REGULATION THERAPIES FOR ALZHEIMER?S, PARKINSON?S, NEUROMUSCULAR, AND OTHER NEUROLOGICAL DISEASES
[caption id="attachment_9277" align="aligncenter" width="747"] Press Release[/caption]
February 27, 2020 at 4:06 PM EST
- Broad collaboration for gene regulation therapies in neurology, initially focused on development of ST-501 for tauopathies including Alzheimer?s disease, ST-502 for synucleinopathies including Parkinson?s disease, and a neuromuscular target, with exclusive rights for nine additional undisclosed neurological targets
- Biogen will pay Sangamo $350 million upfront, including a license fee and an equity investment in Sangamo stock
- Sangamo is eligible to receive up to $2.37 billion in potential milestones, as well as royalties on potential net commercial sales
- Biogen?s access to Sangamo's gene regulation therapies complements its expanding efforts in gene therapy across diverse neurological diseases
BIOGEN MEDIA CONTACT: David Caouette + 1 617 679 4945 public.affairs@biogen.com SANGAMO MEDIA CONTACT: Aron Feingold 510-970-6000, x421 afeingold@sangamo.com | BIOGEN INVESTOR CONTACT: Joe Mara +1 781 464 2442 IR@biogen.com SANGAMO INVESTOR CONTACT: McDavid Stilwell 510-970-6000, x219 mstilwell@sangamo.com |