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Vaccine hesitancy is a real problem : Blood clot experts want you to get a COVID-19 vaccine
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Vaccine hesitancy is a real problem : Blood clot experts want you to get a COVID-19 vaccine
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Vaccine hesitancy is a real problem : Blood clot experts want you to get a COVID-19 vaccine
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Vertex Pays $900M Upfront to Lead CTX001 Development with CRISPR Therapeutics
April 20, 2021
Dazzled by early positive results in a pair of Phase I/II trials, Vertex Pharmaceuticals said today it will pay CRISPR Therapeutics $900 million upfront to lead the global development, manufacturing, and commercialization of CTX001, the CRISPR-Cas9 gene-edited therapy co-developed by the companies for a pair of blood disorders, sickle-cell disease (SCD) and beta thalassemia.
Under the revised agreement Vertex has agreed to pay 60% of program costs for CTX001 and will receive 60% of profits from future sales of the gene-edited therapy up from the companies’ previous 50-50 split, when Vertex initially agreed to pay $105 million upfront ($75 million cash plus $30 million in equity) for its 50% stake, and CRISPR Therapeutics agreed to lead commercialization of any product developed by the companies.