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Spinal Muscular Atrophy (SMA) — Deal Benchmarks & Valuation

Median Upfront
$363M
Range: $176M - $553M
Total Deal Value
$2.0B
Range: $1.2B - $2.8B
Royalty Rate
8.4% - 16.8%
Tiered up to 20.8%
Dev Milestones
$361M
Range: $217M - $505M

Market Analysis

Spinal Muscular Atrophy (SMA) is one of the most actively transacted indications in rare disease licensing. Phase 2 deals for spinal muscular atrophy (sma) carry a median total deal value of $2.0B, with upfront payments ranging from $176M to $553M. The recommended deal structure allocates approximately 18% to upfront payments and 82% to milestones.

Milestone structures for spinal muscular atrophy (sma) deals allocate $361M to development milestones, $411M to regulatory milestones, and $871M to commercial milestones. Royalty rates range from 8.4% to 16.8% at the base tier, with tiered escalation reaching 12.4%-20.8% on peak sales.

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Frequently Asked Questions

What are typical deal terms for spinal muscular atrophy (sma) licensing?
Phase 2 spinal muscular atrophy (sma) licensing deals average $363M in upfront payments with $2.0B total deal value. The 18/82 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 8.4% to 16.8%, with tiered escalations reaching 12.4%-20.8% 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 82% of total deal value to milestones. Development milestones ($361M) make up the largest share, followed by commercial milestones ($871M) and regulatory milestones ($411M).
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