Aldeyra Will Receive A Option Fee Of $1M And Upfront Payment Of $100M Less Option Fees If AbbVie Chooses To Exercise; Would Be Eligible To Receive Up To $300M In Regulatory And Commercial Milestone Payments, Inclusive Of A $100M Paymeent Upon FDA Approval
Portfolio Pulse from Benzinga Newsdesk
Aldeyra Therapeutics (ALDX) has entered into an agreement with AbbVie (ABBV) where ALDX will receive a $1M option fee and an upfront payment of $100M less option fees if ABBV chooses to exercise. ALDX could also be eligible to receive up to $300M in regulatory and commercial milestone payments, including a $100M payment upon FDA approval.
November 01, 2023 | 2:54 pm
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NEUTRAL IMPACT
AbbVie's agreement with Aldeyra Therapeutics could lead to potential new developments in its product pipeline, but also represents a significant financial commitment.
While the agreement with Aldeyra Therapeutics could potentially add to AbbVie's product pipeline, it also represents a significant financial commitment from ABBV. The impact on ABBV's stock price will depend on how investors weigh these factors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Aldeyra Therapeutics stands to gain significantly from this agreement with AbbVie, potentially receiving up to $400M, which could positively impact its financial position and stock price.
The agreement with AbbVie could bring significant financial benefits to Aldeyra Therapeutics, including a potential $400M in payments. This could strengthen ALDX's financial position and make it more attractive to investors, potentially driving up its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100