Recludix Pharma Announces Strategic Collaboration With Sanofi For Oral STAT6 Inhibitor In Multiple Immunological And Inflammatory Indications; Recludix To Receive $125M In Near-term Payments And Potentially More Than $1.2B In Milestones
Portfolio Pulse from Benzinga Newsdesk
Recludix Pharma has announced a strategic collaboration with Sanofi for the development of an oral STAT6 inhibitor for multiple immunological and inflammatory indications. Recludix will receive $125M in near-term payments and potentially more than $1.2B in milestones.
July 20, 2023 | 12:05 pm
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Sanofi's strategic collaboration with Recludix Pharma for the development of an oral STAT6 inhibitor could potentially lead to new revenue streams. However, the company will have to make significant near-term payments and potentially more in milestones.
The partnership with Recludix Pharma could potentially open new revenue streams for Sanofi in the future. However, the significant near-term payments and potential milestone payments could impact the company's short-term financials. The overall impact on the stock is neutral as the potential benefits and costs are balanced.
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