Roche Inks Pact with PTC to Advance SMA Therapy
Roche gains an exclusive worldwide license to PTC's SMA programme, which includes three compounds currently in preclinical development, as well as potential back-up compounds.
Roche, PTC Therapeutics, Inc. and the SMA Foundation, announced Tuesday a licensing agreement for PTC's Spinal Muscular Atrophy (SMA) programme.
Under the terms of the agreement, Roche gains an exclusive worldwide license to PTC's SMA programme, which includes three compounds currently in preclinical development, as well as potential back-up compounds. PTC receives USD30 million as an upfront payment, up to USD460 million upon successful completion of certain development and commercialization milestones, and up to double-digit royalties on commercial sales.
PTC Therapeutics' programme has been developed in partnership with the SMA Foundation, which will remain active in the collaboration.
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