(Alliance News) - Recordati Spa has announced the signing of a collaboration and licensing agreement with Moderna for the development and global commercialization of mRNA-3927, an experimental drug aimed at treating propionic acidemia, a rare hereditary metabolic disorder.

Under the terms of the agreement, Recordati will make an upfront payment of USD50 million to Moderna, with up to an additional USD110 million tied to short-term development and regulatory milestones. Moderna will also be eligible to receive commercial and sales milestones, as well as tiered royalties on annual net sales. Recordati does not anticipate any significant impact on its EBITDA prior to a potential launch.

According to the agreement, Moderna will continue to lead the clinical development of the product in collaboration with Recordati, while Recordati will take the lead on global commercialization activities should the therapy be approved.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.