• Biogen exercises option on investigational ALS treatment BIIB067

    • December 8, 2018
    • Posted By : admin
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    US biotech Biogen (Nasdaq: BIIB) has exercised its option to obtain from Ionis Pharmaceuticals (Nasdaq: IONS) a worldwide, exclusive, royalty-bearing license to develop and commercialize BIIB067 (IONIS-SOD1RX), an investigational treatment for amyotrophic lateral sclerosis (ALS) with superoxide dismutase 1 (SOD1) mutations.

    ALS with SOD1 mutations is a subtype of familial ALS and accounts for around 2% of all ALS cases.

    The shares of both companies dipped by mid-morning trading today, with Biogen down 0.73% at $320.29, and Ionis falling 0.88% to $55.51.

    “Biogen and Ionis have a shared goal of bringing innovative therapies to those living with severe neurological diseases where there is significant unmet medical need,” said Dr Michael Ehlers, executive vice president, R&D at Biogen. “The progress made to date in the BIIB067 clinical program is a positive step forward. We are committed to our goal of bringing forward a therapy for patients with ALS with SOD1 mutations, who currently have limited or no treatment options,” he added.


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