other material
confidence high
sentiment positive
materiality 0.50
Synlogic earns $2.5M milestone payment from Roche for IBD program
SYNLOGIC, INC.
- Third milestone achieved under June 2021 Roche collaboration for Synthetic Biotic in IBD.
- $2.5 million payment triggered; previous milestones in Sep 2021 and Aug 2022.
- Roche retains exclusive option to license and commercialize the candidate.
- Synlogic's Synthetic Biotics are oral, gut-restricted biotherapeutics for serious diseases.
- Mylene Perreault, VP Research, emphasizes compelling fit with IBD disease biology.