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Biogen, Neurimmune Amend Agreement

Biogen to make a $50M payment to Neurimmune in exchange for a 5% reduction in the original royalty rates on aducanumab sales

Biogen and Neurimmune announced that Biogen has exercised its option to further reduce the previously negotiated royalty rates payable on potential future sales of aducanumab, Biogen’s Phase 3 investigational treatment for early Alzheimer’s disease.   Biogen will make a one-time $50 million payment to Neurimmune in exchange for a 5% reduction in the original royalty rates on potential commercial sales of aducanumab, which follows the 15% reduction in royalty rates announced in October 20...

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