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Roche enters licensing agreement with Sarepta Therapeutics to improve the lives of patients living with Duchenne muscular dystrophy

Written by Customer Service on . Posted in Public Companies.

Roche obtains the exclusive right to launch and commercialize SRP-9001, Sarepta’s investigational micro-dystrophin gene therapy for Duchenne muscular dystrophy (DMD) outside the United StatesAt closing, Roche will pay an upfront of $750million in cash and $400million worth in equitySarepta is eligible to receive up to $1.7billion in regulatory and sales milestones, plus royalties on net salesSarepta will continue to be responsible for clinical development and manufacturing of SRP-9001 with global clinical development costs shared equally with RocheBasel, 23 December 2019 – Roche (SIX: RO, ROG; OTCQX: RHHBY) and Sarepta Therapeutics, Inc. (NASDAQ:SRPT), today announced the signing of a licensing agreement providing Roche exclusive commercial rights to SRP-9001 (AAVrh74.MHCK7.micro-dystrophin),  Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD), outside the United States. Under the terms of the agreement, Sarepta will receive an upfront payment of $750million in cash and $400million in equity. In addition, Sarepta is eligible to receive regulatory and sales milestones, and royalties on net sales. Roche and Sarepta will equally share global development expenses.AttachmentRoche_MediaRelease_23122019

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