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Spinal Muscular Atrophy (SMA) — Deal Benchmarks & Valuation

Median Upfront
$122M
Range: $49M - $203M
Total Deal Value
$1.8B
Range: $902M - $2.7B
Royalty Rate
7.7% - 15.3%
Tiered up to 19.3%
Dev Milestones
$841M
Range: $427M - $1.3B

Market Analysis

Spinal Muscular Atrophy (SMA) is one of the most actively transacted indications in neurology licensing. Phase 1 deals for spinal muscular atrophy (sma) carry a median total deal value of $1.8B, with upfront payments ranging from $49M to $203M. The recommended deal structure allocates approximately 7% to upfront payments and 93% to milestones.

Milestone structures for spinal muscular atrophy (sma) deals allocate $841M to development milestones, $505M to regulatory milestones, and $336M to commercial milestones. Royalty rates range from 7.7% to 15.3% at the base tier, with tiered escalation reaching 11.7%-19.3% on peak sales.

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Frequently Asked Questions

What are typical deal terms for spinal muscular atrophy (sma) licensing?
Phase 1 spinal muscular atrophy (sma) licensing deals average $122M in upfront payments with $1.8B total deal value. The 7/93 upfront/milestone split reflects the risk profile at this clinical stage.
What royalty rates are standard for spinal muscular atrophy (sma) deals?
Base royalty rates for spinal muscular atrophy (sma) transactions range from 7.7% to 15.3%, with tiered escalations reaching 11.7%-19.3% on peak sales. Rates are influenced by mechanism differentiation, competitive positioning, and territorial scope.
How are spinal muscular atrophy (sma) deal milestones structured?
Spinal Muscular Atrophy (SMA) deals allocate approximately 93% of total deal value to milestones. Development milestones ($841M) make up the largest share, followed by commercial milestones ($336M) and regulatory milestones ($505M).
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