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Investment

Broad could receive $125 million in sponsored research agreement with Editas

by Ryan Cross
June 17, 2018 | A version of this story appeared in Volume 96, Issue 25
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The CRISPR gene-editing company Editas Medicine has signed a sponsored research agreement with Broad Institute of MIT and Harvard. The deal stipulates that the institute could receive up to $125 million and Editas will have the first right to license Broad inventions arising from the sponsored research. Editas currently owes Broad two payments totaling $12.5 million. The agreement comes after Broad scientists Feng Zhang and David Liu, who are also cofounders of Editas, launched three new companies this year based on their CRISPR inventions.

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