Allergan obtains rights to microbiome GI developmental program: 3 key notes
Dublin, Ireland-based Allergan entered into a research, development, collaboration and license agreement to develop Indianapolis's Assembly Biosciences microbiome gastrointestinal development programs.
Here's what you need to know.
1. Allergan received the rights to preclinical compounds ABI-M201 and ABI-M301 targeting ulcerative colitis and Crohn's disease. Allergan also received rights to two compounds targeting various forms of irritable bowel syndrome.
2. Allergan will pay $50 million to Assembly. Assembly will also hold various different types of royalties.
3. The transaction should close in the first quarter of 2017.
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