Moderna Teams With Recordati on Rare Disease mRNA Therapy for up to $160M
Moderna has partnered with Italy's Recordati in a deal worth up to $160 million to develop mRNA-3927, an mRNA therapy for the rare metabolic disorder propionic acidemia (PA). Moderna will maintain control over clinical development and manufacturing, while Recordati will handle commercialization, including an upfront payment of $50 million and potential milestone payments. This collaboration comes as Moderna faces financial pressures, aiming for profitability by 2028 amidst declining COVID-19 vaccine sales.
https://www.biospace.com/deals/moderna-teams-with-recordati-on-rare-disease-mrna-therapy-for-up-to-160m