EC approves Biogen's Spinraza for SMA
The European Commission approved Spinraza nusinersen (IONIS-SMNRx) from Biogen Inc. (NASDAQ:BIIB) to treat spinal muscular atrophy (SMA). Biogen has rights to Spinraza from Ionis Pharmaceuticals Inc. (NASDAQ:IONS). The approval triggered a $50 million milestone payment to Ionis, which is also eligible for tiered royalties (see BioCentury, Aug. 8, 2016)...
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