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Neuro deal with Biogen reflects evolution of Isis antisense partnering strategy
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Deal sense at Isis
Monday, September 23, 2013
Isis Pharmaceuticals Inc. has done scores of deals over
its 24-year history, collecting about $2.2 billion in partnering revenues along
the way. But while partnering has always been the lynchpin of the biotech's
business model, Chairman and CEO Stanley Crooke says the company's fourth deal
Idec Inc. is the first of a "new vintage" of strategic
Aside from the $100 million
upfront price tag - Isis' biggest yet for a discovery pact - "Biogen 4"
is different from all the earlier deals because it ties Isis to Biogen in a
long-term relationship for an entire therapeutic area: neurology.
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