Spark Therapeutics Announces Milestone Payment From Pfizer - Quick Facts

(RTTNews) - Spark Therapeutics (ONCE) announced it has earned a $15 million payment from Pfizer Inc. (PFE) for achieving a pre-specified safety and efficacy profile development milestone in the ongoing hemophilia B Phase 1/2 trial of investigational SPK-9001. SPK-9001 has received breakthrough therapy and orphan product designations from the FDA.

Spark Therapeutics received a $20 million upfront payment upon entering into the agreement in 2014, and a $15 million milestone payment in December 2015 for progress with the development program. The company is eligible to receive up to an additional $230 million in aggregate for achieving future development and commercial milestones, as well as royalties.