Isis Builds On Platform Strategy With Fourth Biogen Tie-Up

The antisense company has made it clear that it will not pursue commercialization of its own drugs, but intends to partner out all of its assets, while still retaining the most advantageous economics. Its fourth agreement with Biogen Idec, a strategic collaboration, is the most extensive and lucrative to date with the partner.

Ionis Pharmaceuticals Inc. has linked up with Biogen Inc. for a fourth collaboration in less than two years – one that is broader in scope and heftier financially than previous transactions – prompting analysts and investors to hope that the smaller company’s antisense technology has been proving itself in clinical trials, despite Biogen’s reluctance to commit to a full licensing of the most advanced program on which the companies are partnered.

The two companies announced the collaboration, which Isis is referring to as ‘Biogen 4’, on Sept. 9. The broad six-year...

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