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Arcturus rises on Thermo Fisher collaboration for rare disease drug

BUZZ-Arcturus rises on Thermo Fisher collaboration for rare disease drug

** Shares of Arcturus Therapeutics ARCT.O rise 5.8% to $7.29 premarket

** Co announces collaboration with Thermo Fisher Scientific TMO.N to support potential late-stage development and potential commercialization of ARCT-032, its experimental mRNA treatment for cystic fibrosis

** Cystic fibrosis is an inherited disease that mainly affects the lungs and digestive system

** TMO will provide manufacturing, clinical research and commercial-readiness services for the program - ARCT

** If mid-stage data are positive, ARCT expects to run its late-stage program through TMO’s clinical research business

** TMO will get exclusive commercial manufacturing rights if ARCT-032 is approved - ARCT

** As of last close, ARCT up 12.4% YTD


(Reporting by Kunal Das in Bengaluru)

((Kunal.Das2@thomsonreuters.com;))

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