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Moderna Signs Single Drug Deal With CF Expert Vertex For Up To $315m

 
• By Mandy Jackson

Moderna Therapeutics LLC extended its dealmaking streak and signaled a shift for its collaborative strategy by signing a partnership with Vertex Pharmaceuticals Inc. to develop a cystic fibrosis (CF) therapy based on the private biotechnology firm's messenger RNA (mRNA)-based drug development technology.

chemistry

Moderna Therapeutics LLC extended its dealmaking streak and signaled a shift for its collaborative strategy by signing a partnership with Vertex Pharmaceuticals Inc. to develop a cystic fibrosis (CF) therapy based on the private biotechnology firm's messenger RNA (mRNA)-based drug development technology.

The agreement with Vertex, a dominant player in the field of novel CF therapeutics, gives Cambridge, Massachusetts-based Moderna $40m up front and up to $275m in milestone fees and takes the company into new territory in multiple ways

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