Sarepta Therapeutics Inc. will pay BioMarin Pharmaceutical Inc. $35m up front, certain milestone fees and single-digit royalties in a patent settlement and license agreement related to exon-skipping therapies for Duchenne muscular dystrophy (DMD), reducing Sarepta's risk related to Exondys 51 (eteplirsen) and its other DMD product candidates, especially in ex-US markets.
The agreements give BioMarin some compensation for its ill-fated 2014 acquisition of Prosensa Holding BV, which eventually resulted in the purchased company's lead drug candidate for DMD being rejected by the US FDA, leading the acquirer to end development of Kyndrisa (drisapersen) and other compounds
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