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Biogen's S1P Modulator License – A Good Deal Done Too Late?

This article was originally published in Scrip

Executive Summary

Biogen's license for the sphingosine 1-phosphate (S1P) receptor modulator MT-1303 from Mitsubishi Tanabe for up to $544m makes a lot of sense, but with four S1P-targeting drugs approved or in late-stage development did Biogen execute a good deal too late to catch up with the competition?

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