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BRIEF-Allergan and Editas Medicine enter into strategic research and development alliance
March 14, 2017 / 12:13 PM / 5 months ago

BRIEF-Allergan and Editas Medicine enter into strategic research and development alliance

March 14 (Reuters) - Allergan Plc

* Allergan and Editas Medicine enter into strategic research and development alliance to discover and develop Crispr Genome editing medicines for eye diseases

* Under terms of agreement, Editas medicine will receive an upfront payment of $90 million for development of five candidate programs

* Editas Medicine has potential to earn additional payments for achieving important near-term milestones specifically related to LCA10

* Editas medicine will also be eligible to receive development and commercial milestones, as well as royalty payments on a per-program basis

* Allergan will have option to license up to five programs and will be responsible for development and commercialization of optioned products Source text for Eikon: Further company coverage:

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