Scribe achieves milestone under Sanofi collaboration
US genetic medicines company Scribe Therpeutics, which is seeking to unlock the potential of CRISPR to transform human health, announced the achievement of a success milestone for one of the targets in its research collaboration with French pharma major Sanofi (Euronext: SAN) to develop in vivo CRISPR-based therapeutics.
As a result, Scribe is eligible to receive over $1.2 billion across all programs in milestone payments for the achievement of certain research, development, regulatory and commercial milestones, as well as high-single-digit to mid-teen royalties.
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