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Lineage Cell Therapeutics is buying NeuroAirmid Therapeutics to boost its work on a treatment for Huntington's Disease.

DealRead the original at SEC EDGAR
Neutral

Lineage adds HUNT1, a Huntington's disease treatment in a patient study, with grant backing. The study still checks safety, and the deal includes 2.2 million shares plus up to $5.4 million next year and $48 million at later milestones, so its outlook is unchanged.

LCTX · Lineage Cell Therapeutics, Inc.

AI read · Neutral

The AI's read

That gives Lineage a new Huntington's disease treatment program already being tested in people. California's regenerative medicine agency has supported its development. The current study checks safety, not whether the treatment works. Lineage must also pay part of the study costs and take responsibility for later development and manufacturing. The deal includes share payments and more payments if the program reaches milestones. With no patient results reported, the program's promise and added costs point in different directions.

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