Biogen Inc.is once again reinvesting in Ionis Pharmaceuticals Inc. as it looks to expand its neuroscience pipeline and increase its specialty in that field. The firms unveiled a 10-year collaboration April 20 to create novel antisense therapies for neurological diseases that are currently lacking substantial treatment options.
Biogen Re-Ups With Ionis In Search Of A Neuroscience 'Innovation Engine'
New 10-year collaboration, the sixth between the two firms, will attempt to bring seven antisense candidates for neurological indications to the clinic in the next two years. Biogen pays $1bn up front, split between cash and Ionis equity.
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