Moderna Signs $160 Million Global Commercialization Deal with Recordati for mRNA-3927

Reuters01-30
<a href="https://laohu8.com/S/MRNA">Moderna</a> Signs $160 Million Global Commercialization Deal with Recordati for mRNA-3927

Moderna Inc. announced a strategic collaboration agreement with Recordati to advance the investigational propionic acidemia therapeutic, mRNA-3927, through the final stages of clinical development and, pending approval, global commercialization. Under the terms of the agreement, Moderna will receive an upfront payment of $50 million and up to an additional $110 million in near-term development and regulatory milestones, as well as commercial and sales milestones and tiered royalties on net sales. Moderna will continue to lead the clinical development and manufacturing of mRNA-3927, while Recordati will be responsible for commercialization. The transaction is subject to customary closing conditions, including U.S. antitrust clearance, which is expected within 30 days of filing.

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