October 1, 2022
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Thousand Oaks biotech sells products to Biogen for $27.2 million

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AliveGen, a four-year-old biotech startup in Thousand Oaks, sold the two bone- and muscle-loss products in its pipeline to Cambridge, Mass.-based Biogen for $27.5 million. Biogen said in its quarterly earnings report July 24 that it could make additional payments of up to $535 million as the products are commercialized. ALG-801 and ALG-802 target myostatin,…

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