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- CRISPR Therapeutics (NASDAQ:CRSP) has signed a deal with Capsida Biotherapeutics, a gene therapy player specializing in AAV engineering, to carve out a delivery mechanism for the company’s gene-editing technology in familial amyotrophic lateral sclerosis (ALS) and rare neurodegenerative disorder Friedreich’s ataxia.
- As part of the agreement, Capsida will pick up R&D responsibilities for the ALS program and chip away at capsid design for both programs. Meanwhile, CRISPR will manage R&D for the FA program and develop gene-editing candidates for both.
- Both companies will hold options to co-development and -commercialization rights for the program which the partner company leads.
- The financial terms of the deal were not disclosed.
- If one of the partners opts, the two firms would share R&D and commercialization costs and profits on that program.
- Capsida, with its experience in AAV production, will handle clinical and commercial manufacturing, if it reaches that point.
- Price Action: CRSP shares are trading up 0.57% at $129.50 in the premarket session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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