Verge Genomics collaborates with AstraZeneca's Alexion

9 September 2023

US clinical-stage biotech Verge Genomics has announced a multi-target collaboration with Alexion, UK pharma major AstraZeneca’s (LSE: AZN) Rare Disease unit to identify novel drug targets for rare neurodegenerative and neuromuscular diseases.

Under the terms of the four-year accord, Verge will receive up to $42 million, consisting of upfront fee, equity, and near-term payments, with a potential deal value of $840 million plus potential downstream royalties.

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