Acceleron, Fulcrum Therapeutics Ink Deal For Pulmonary Disease
Zacks Investment Research | Dec 30, 2019 11:01PM ET
Acceleron Pharma Inc. (NASDAQ:XLRN) announced that it has entered into a collaboration and license agreement with Massachusetts-based biopharmaceutical company Fulcrum Therapeutics, Inc. (NASDAQ:FULC) to identify small molecules designed to modulate specific pathways associated within the targeted pulmonary disease space.
Per the agreement, Fulcrum is eligible to receive an upfront payment of $10 million, up to $295 million in milestones for the first commercialized product along with $143.5 million in additional milestones for subsequent products. Fulcrum will also receive mid-single-digit-to-low-double-digit tiered royalties on net sales, upon potential approval.
Moreover, Acceleron will have access to Fulcrum's proprietary product engine and target identification platform and be responsible for all the development and commercialization activities for any candidates identified through this deal.
The partnership is looking to combine Fulcrum’s skill in identifying drug targets based on modulation of genetic pathways with Acceleron’s expertise in TGF-beta superfamily signaling, to develop potential disease-modifying therapies.
Shares of Acceleron inched up 2.9% following this news on Monday. In fact, the stock has rallied 20.8% in the past year compared with Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.