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Wave Banks $170m Upfront In GSK Oligonucleotide Deal, Analysts Back Shift To Partnership Model

Lucrative Potential Milestones

 
• By Ayisha Sharma

The US biotech has out-licensed a preclinical candidate to GSK as the firms pair up to discover and develop multiple oligonucleotide assets.  

Woman holding up vial containing RNA strand
Wave's PRISM Platform Can Edit, Splice And Silence RNA • Source: Shutterstock

GSK plc is paying Wave Life Sciences Ltd. $170m upfront for global rights to its preclinical asset, WVE-006, as well as a collaboration to develop oligonucleotides which has prompted analysts to tout the benefits of a partnership model for the US biotech.

The $170m payment is split into $120m cash and a $50m equity investment. Wave is also eligible for up to $225m in WVE-006 development and launch milestones and up to...

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