Biogen Idec exercises option for Amunix’ XTENylated Factor VIII

21 April 2014

US privately-held biotech firm Amunix Operating says that Biogen Idec (Nasdaq: BIIB) has exercised its option to enter into an exclusive, worldwide license agreement to research and develop novel, fully-recombinant Factor VIII products with improved therapeutic properties.

Under the terms of the option deal, Amunix will get an upfront $1 million and will also be eligible to receive up to $38 million in clinical and commercial milestone payments. In addition, royalties will be paid on commercial sales by Biogen Idec for Factor VIII products incorporating Amunix proprietary XTEN technology.

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