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Stock impact report

Sangamo And Biogen Tie Up, And Other News: The Good, Bad And Ugly Of Biopharma [Seeking Alpha]

Nevro Corp. (NVRO) 
Last nevro corp. earnings: 2/25 04:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
SummarySangamo and Biogen initiated a global licensing deal.AstraZeneca received FDA approval for Selumetinib.Boston Scientific lost a patent lawsuit.Sangamo Closes Gene Collaboration with BiogenSangamo Therapeutics (SGMOreportedBIIBUnder the terms and conditions of the collaboration, Sangamo has received $225 million in funds and is entitled to receive further upfront license fee of $125 million. The latter payment will be due no later than May 8, 2020. Sanagmo also stands to earn up to $2.37 billion in different commercial, regulatory and development milestone payments. This sum includes up to $1.445 billion in first commercial sale and other sales related milestone payments and up to $925 million in pre-approval milestone payments. Apart from these payouts, Sangamo is also entitled to receive staggered high single-digit to sub-teen double-digit royalties on sales of products coming out of this collaboration.Sangamo stated that the collaboration is a testimony to its commitment to g Show less Read more
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