STAT Plus: In a first for RNA-modifying drugs, AstraZeneca partners with startup Accent Therapeutics
Drug giant AstraZeneca is moving deeper into RNA-based therapies with a new partnership with the startup Accent Therapeutics, which is hoping to make therapies by manipulating enzymes that subtly change RNA.
The deal announced Thursday is worth $55 million upfront with more than $1 billion on the table through milestone-based payments. It may be the first partnership a pharmaceutical company has forged with a company working on the concept, which has already attracted a lot of attention and investment.
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