0756 GMT - BioArctic's fourth collaboration for its BrainTransporter technology further demonstrates the platform's long-term value beyond the Leqembi drug it helped develop for Alzheimer's disease, RBC Capital Markets analyst Natalia Webster writes. The new agreement with Eli Lilly is for the use of BrainTransporter with an undisclosed Lilly drug candidate for neurodegeneration. "The continued cadence of deal-making validates the attractiveness of the platform and management's prior commentary around good opportunities for new strategic partnerships." BioArctic will receive $30 million upfront, and will be eligible to receive additional milestone payments of up to $770 million, as well as tiered mid-single-digit royalties on future global product sales. RBC rates BioArctic at outperform with a 280 Swedish kronor price target on the stock. Shares rise 4.2% to 312 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
June 22, 2026 03:56 ET (07:56 GMT)
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