.US biotech Capricor Therapeutics (Nasdaq: CAPR) has entered into a binding term piece along with Japanese drugmaker Nippon Shinyaku (TYO: 4516) for the commercialization and distribution in Europe of Capricor’s lead resource, deramiocel, for the therapy of Duchenne muscular dystrophy (DMD), an unusual neuromuscular condition with minimal therapy options.The possible transaction covered due to the phrase piece resembles the existing commercialization and also circulation agreements with Nippon Shinyaku in the U.S.A. and Asia with a chance for more item grasp internationally. On top of that, Nippon Shinyaku has agreed to buy approximately $15 countless Capricor common stock at a 20% premium to the 60-day VWAP.News of the extended collaboration pushed Capricor’s reveals up 8.4% to $4.78 through late-morning investing.
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