M&A
confidence high
sentiment positive
materiality 0.90
Voyager Therapeutics enters $100M upfront collaboration with Novartis for SMA and HD gene therapy
Voyager Therapeutics, Inc.
- Voyager Therapeutics entered into a license and collaboration agreement with Novartis for AAV capsids for SMA and Huntington's disease programs, with $80M upfront payment and $20M stock purchase.
- Voyager eligible for up to $200M in milestones for SMA program and $225M for HD program, plus sales milestones and tiered royalties.
- Voyager estimates preliminary cash of $230.7M as of Dec 31, 2023; adjusted to $330.7M after anticipated $100M upfront from Novartis.
- Voyager plans to submit IND for VY-TAU01 (Alzheimer's) in first half 2024 and for SOD1 ALS gene therapy in mid-2025.
- Voyager entered into a stock purchase agreement and investor agreement with Novartis, including standstill and lock-up restrictions.