Ionis Licenses Hepatitis B Program to GSK

Transaction provides Ionis with significant participation in the commercial success of HBV program

GlaxoSmithKline exercised its option to license Ionis Pharmaceuticals’ antisense medicines for people with chronic hepatitis B virus (CHB) infection following positive Phase 2 results.    As a part of the licensing agreement, Ionis is eligible to receive license fees and milestone payments up to $262 million, including a $25 million license fee. In addition, Ionis is also eligible to receive tiered royalties in the low double digits on net sales. GSK is now responsible for all development, reg...

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