Takeda Amend its Collaboration with Wave Life Sciences to Advance CNS Programs
Shots:
- Wave to receive $22.5M for research & preclinical expenses and is eligible to receive opt-in payment- development & commercial milestone & will lead the manufacturing & joint clinical co-development activities. Both companies will share global costs & 50:50 profits
- Takeda’s gets an option to co-develop & co-commercialize CNS therapies for 3 targets- C9orf72- HTT & ATXN3- including WVE-004/003 & will lead the joint co-commercial activities in the US & all commercial activities outside of the US
- Takeda discontinues its discovery research with Wave for CNS programs & Takeda gets the right to license multiple preclinical programs for CNS indications over 4 yrs. research term
Ref: Globe Newswire | Image:Takeda
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