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Oct. 6, 2021, 7:32 a.m. EDT

Voyager Therapeutics stock rockets after license option deal with Pfizer that could be valued at $630 million

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By Tomi Kilgore

Shares of Voyager Therapeutics Inc. /zigman2/quotes/205091781/composite VYGR +3.33% rocketed 38.9% in premarket trading Wednesday, after closing at a record low in the previous session, after the gene therapy company announced a license option agreement with Pfizer Inc. /zigman2/quotes/202877789/composite PFE -0.62% that could valued at more than $600 million. Trading volume spiked up to 3.9 million shares ahead of the open, which compares with the full-day average of about 173,000 shares. The agreement allows Pfizer to exercise options to license novel capsids generated from Voyager's RNA-driven screener technology, which would be used by Pfizer to develop, make and commercialize gene therapies. As part of the agreement, Voyager will receive an upfront payment of $30 million, and is entitled to receive up to $20 million in exercise fees. Voyager will also be eligible to receive up to $580 million in milestone payments, and will be eligible to receive "mid- to high-single-digit tiered royalties" based on sales of Pfizer products using the licensed capsids. The stock, which closed at a record low of $2.47 on Tuesday, has tumbled 36.5% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.31% has inched up 0.1%.

/zigman2/quotes/205091781/composite
US : U.S.: Nasdaq
$ 3.10
+0.10 +3.33%
Volume: 218,676
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$113.87 million
Rev. per Employee
$956,022
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/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 51.40
-0.32 -0.62%
Volume: 37.43M
Dec. 8, 2021 4:02p
P/E Ratio
15.26
Dividend Yield
3.04%
Market Cap
$290.30 billion
Rev. per Employee
$533,860
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/zigman2/quotes/210599714/realtime
US : S&P US
4,701.21
+14.46 +0.31%
Volume: 2.16B
Dec. 8, 2021 4:59p
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