Isis Pharma earns $10 million milestone in deal with Biogen
Isis Pharmaceuticals (Nasdaq: ISIS) says that it has earned a $10 million milestone payment from fellow USA-based biotech company Biogen Idec (Nasdaq: BIIB) related to the selection and advancement of ISIS-DMPKRx to treat myotonic dystrophy type I (DM1).
"We are very pleased with the successes we are having in our alliance with Biogen Idec. The progress we have made is evidenced in our spinal muscular atrophy and myotonic dystrophy programs. In less than two years, we discovered and advanced ISIS-DMPKRx into development, and we plan to begin human clinical studies next year," said B Lynne Parshall, chief operating officer at Isis.
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