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Alcobra up 46% premarket on Arcturus/Janssen deal in HBV

  • Alcobra (ADHD) is up 46% premarket on robust volume in response to merger partner Arcturus Therapeutics' collaboration and license agreement with Johnson & Johnson (JNJ) unit Janssen Pharmaceuticals aimed at developing and commercializing nucleic acid-based drugs for the treatment of hepatitis B virus (HBV) infection using Arcturus' UNA Oligomer chemistry and LUNAR lipid-mediated delivery platform.
  • Under the terms of the agreement, Arcturus will receive an upfront cash payment, R&D support, milestones and royalties on net sales of commercialized products. Janssen will be responsible for development and commercialization costs.

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Arcturus Therapeutics Holdings Inc.