2022-10-04 07:13:55 VYGR Voyager Therapeutics
Pfizer
10/04/22 10/0407:13 10/04/2207:13 | Voyager announces Pfizer exercises option to license novel capsidVoyager Therapeutics (VYGR) announced that Pfizer (PFE) has exercised its option to license a novel capsid generated from Voyager's TRACER capsid discovery platform to help enable a potential gene therapy program against an undisclosed rare neurologic disease target. Under the terms of the license option agreement, originally announced in October 2021, Voyager previously received a $30 million upfront payment and is entitled to receive a $10 million option exercise payment. Voyager is eligible to receive potential future development, regulatory and commercialization milestone payments of up to $115 million, sales milestones of up to $175 million, and mid- to high-single-digit tiered royalties in connection with Pfizer's use of its capsid in development and commercialization of a gene therapy for a rare neurologic target. The target under agreement with Pfizer is distinct from those utilized in Voyager's internal pipeline programs. Pfizer has elected not to exercise its option to license a capsid for the cardiac target under the original agreement, and all capsid rights for that target are returned to Voyager. Voyager retains global rights to all licensed capsids for use with other transgenes and to all other applications of its TRACER technology. Voyager Therapeutics
Pfizer
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