Isis Pharmaceuticals this week announced that it had formed a strategic alliance with Biogen Idec to develop antisense-based treatments for neurological disorders.

Under the terms of the six-year arrangement, Biogen Idec will have the exclusive rights to use Isis' antisense technology to develop drugs for neurological diseases. Isis will receive $100 million upfront and is eligible to receive milestones, license fees, and royalties on all products developed under the arrangement.

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