Vertex and ribometrix establish strategic collaboration to discover and develop rna-targeted small molecule therapeutics

Vertex and ribometrix establish strategic collaboration to discover and develop rna-targeted small molecule therapeutics.vertex pharmaceuticals inc - ribometrix to receive $20 million in upfront payment and vertex equity investment.vertex pharmaceuticals inc - ribometrix to receive potential additional milestones and royalty payments.vertex pharmaceuticals inc - initially, ribometrix will undertake two discovery programs with vertex, and vertex has an option to add a third program.vertex pharmaceuticals inc - ribometrix is eligible to receive more than $700 million in total potential payments.vertex pharmaceuticals inc - vertex will pay tiered royalties on future net global sales on any products that result from collaboration..
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