Repligen Corporation, Continuing Overhaul, Flips Rare Disease Drugs To BioMarin Pharmaceutical Inc. In Deal Worth $162 Million
Published: Jan 21, 2014
Waltham, MA-based Repligen (NASDAQ: RGEN) decided a few years ago that it would be better off abandoning drug development and focusing instead on bioprocessing. Today it’s cut a deal to shed some of its remaining therapeutic baggage. Repligen has licensed its portfolio of experimental, preclinical histone deacetylase inhibitors, or HDACs, to Novato, CA-based rare disease company BioMarin (NASDAQ: BMRN). Repligen is getting just $2 million from BioMarin up front, though it’s eligible to receive another $160 million in various milestone payments if the compounds in the deal make it through clinical testing and are approved by regulators.
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