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Receives $1 million under SMA development pact
January 8, 2015
By: Kristin Brooks
Repligen Corp. has received a $1 million milestone payment from Pfizer under an exclusive worldwide licensing agreement for the development of compounds to treat spinal muscular atrophy (SMA), a neuromuscular disease that typically presents in children under age two. The companies signed the agreement in January 2013, and since then, Repligen has received $7 million in upfront and milestone payments. Repligen is eligible to receive as much as $63 million in additional milestones, as well as royalties on any future sales.
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