Alteogen Enters Into A License Agreement With Biogen For Development And Commercialization Of Hybrozyme™-Based Subcutaneous Biologics
Reuters
Yesterday
Alteogen Inc <196170.KQ>:: *ALTEOGEN ENTERS INTO A LICENSE AGREEMENT WITH BIOGEN FOR DEVELOPMENT AND COMMERCIALIZATION OF HYBROZYME™-BASED SUBCUTANEOUS BIOLOGICS *ALTEOGEN INC - TO RECEIVE $20 MILLION UPFRONT AND $10 MILLION UPON SECOND PRODUCT DEVELOPMENT *ALTEOGEN INC - ELIGIBLE FOR UP TO $549 MILLION IN MILESTONE PAYMENTS FOR TWO PRODUCTS *ALTEOGEN INC - FOLLOWING COMMERCIALIZATION, CO ENTITLED TO RECEIVE ROYALTIES BASED ON NET SALES *ALTEOGEN INC - BIOGEN HOLDS OPTION TO DEVELOP THIRD PRODUCT UNDER AGREEMENT
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