January 2024 Top Biopharma Deal: Argo and Novartis for RNA-based therapies

January 2024 Top Biopharma Deal Argo and Novartis for RNA based therapies

January 2024 Top Biopharma Deal Upfront

Argo Biopharmaceutical development and commercialization deal with Novartis RNA-based therapies

Highlighted Deal Financial Comps

    • Date Announced:
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      January 7, 2024

    • Total Deal Value:
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      $4,165M

    • Upfront Cash:
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      $185M

    • Upfront Equity:
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    • Option Payments:
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    • Total Milestones:
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      $3.98B in option exercise fees, development, regulatory, and commercial milestones.

    • Royalties:
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      Undisclosed royalties

    • Cost & Profit Split:
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Deal Sypnosis

    • The Asset:
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      Phase I RNA-based therapy with an option for up to 2 additional therapies for the treatment of cardiovascular diseases

    • Deal Structure:
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      Development and Commercialization License

    • Partnership Features:
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      Collaborative Development, No Shared Cost; Options to Add Products, TAs, and/or Territories

    • Deal Details:
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      • Argo Biopharmaceutical granted Novartis exclusive, worldwide rights to develop and commercialize a Phase I RNA-based therapy for cardiovascular diseases, with an option for up to 2 additional therapies.
      • Novartis has exclusive, worldwide rights (excluding China) for a Phase 1/2a therapy.
      • Argo will receive an upfront payment of $185 million.
      • Argo is eligible for up to $3.98 billion in option exercise fees, development, regulatory, and commercial milestones.
      • Argo will also receive undisclosed tiered royalties on sales.
    • Last Month:
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      DealForma’s Deal of the Month selection is based on the largest disclosed upfront cash and equity total in partnership deals involving R&D as announced in the month prior to this article. Data for this analysis was compiled using the DealForma biopharma deals database. All data are based on publicly disclosed figures and deal terms.

      We invite you to answer interesting questions on biopharma business development and licensing using our data and carefully curated profiles on deals, pipelines, companies, funding, and business executives by visiting dealforma.com to schedule your personalized demo.

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