Regenxbio Settles GSK Sublicense Fee Dispute With $10 Million Payment and Mutual Releases

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REGENXBIO has resolved a sublicense fee dispute with GlaxoSmithKline through a Settlement and Release Agreement. The company will pay $10 million for alleged underpayment of fees, and both parties have exchanged mutual releases for past and certain future claims. REGENXBIO will continue its existing methodology for remitting sublicense revenues.

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