Picture of Ultragenyx Pharmaceutical logo

RARE — Ultragenyx Pharmaceutical News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousMid CapSucker Stock

Ultragenyx gains on $210 million US FDA voucher sale

BUZZ-Ultragenyx gains on $210 million US FDA voucher sale

** Shares of drugmaker Ultragenyx Pharmaceutical RARE.O rise 2.8% to $14.87

** Ultragenyx agrees to sell an FDA Priority Review Voucher for $210 million in cash

** Co received the voucher upon the FDA approval of Genglycos, its treatment for glycogen storage disease type Ia, also known as Von Gierke disease

** Under a licensing agreement, Ultragenyx pays 20% of the voucher sale proceeds to the U.S. National Institutes of Health after the deal closes

** Ultragenyx did not immediately respond to a Reuters request for information on the buyer

** Genglycos has a US per-patient list price of $2.7 million

** As of last close, stock down ~35% YTD


(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

Recent news on Ultragenyx Pharmaceutical

See all news