Aug. 31 at 12:51 AM
$ALDX Abbvie is printing money as fast as they can!
The below bodes well for Aldx!
AbbVie and REGENXBIO executed an amendment to the collaboration and license agreement established between the two companies on September 10, 2021. The amendment includes an updated milestone structure for the DR program, under the terms of which AbbVie will pay REGENXBIO
$100 million upon first subject dosed in the Phase IIb/III trial and an additional
$100 million upon first subject dosed in a second Phase III clinical trial. REGENXBIO will pay for all costs for Phase IIb of the Phase IIb/III trial.