We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Sanofi | NASDAQ:SNY | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.24 | 0.49% | 49.25 | 49.24 | 49.25 | 49.45 | 48.98 | 49.25 | 838,594 | 20:26:26 |
By Donato Paolo Mancini
Sanofi SA (SAN.FR) and Denali Therapeutics Inc. (DNLI) have entered a collaboration agreement valued at up to $1.02 billion to develop molecules to treat neurological and systemic inflammatory diseases, the two companies said Thursday.
Under the terms of the deal Sanofi will make an upfront cash payment of $125 million to Denali, the companies said. The remaining $895 million is for clinical and regulatory milestone payments, a Sanofi spokeswoman said.
The two lead molecules, DNL747 and DNL758, target a signaling protein that regulates inflammation and cell death in tissues throughout the body, the two companies said.
The companies plan on studying DNL747 in Alzheimer's disease, amyotrophic lateral sclerosis (ALS)and multiple sclerosis (MS). DNL758 will be studied in systemic inflammatory diseases like rheumatoid arthritis and psoriasis.
The transaction is expected to close in the coming months, pending regulatory approval.
Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com
(END) Dow Jones Newswires
November 01, 2018 02:37 ET (06:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Sanofi Chart |
1 Month Sanofi Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions