Isis in possible $1.5B deal with Genzyme
California-based Isis Pharmaceuticals saw its share price rocket 50% to $21.91 in after-hours trading on January 7, after it was revealed that the company had signed an agreement with fellow US firm Genzyme which could earn it as much as $1.9 billion.
The deal is a major strategic alliance in which Genzyme will develop and commercialize Isis' potential blockbuster cholesterol-lowerer mipomersen, which uses a novel antisense technology, for the treatment of high-risk cardiovascular patients. The biotechnology major will also have preferred access to future Isis drugs for the central nervous system and certain rare diseases.
Biggest licensing accord for Genzyme
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