Core Viewpoint - Recordati has entered into a collaboration and license agreement with Moderna to develop and commercialize mRNA-3927, an investigational product for treating propionic acidemia, leveraging Moderna's mRNA technology and Recordati's commercial infrastructure [1][6]. Group 1: Collaboration Details - The agreement stipulates that Recordati will pay Moderna an upfront payment of USD 50 million, with potential additional payments of up to USD 110 million based on development and regulatory milestones [4]. - Recordati will lead global commercialization efforts if mRNA-3927 is approved, while Moderna will continue to lead its development [1][4]. Group 2: Product Overview - mRNA-3927 is designed to restore propionyl-CoA carboxylase (PCC) enzyme activity in patients with propionic acidemia, a rare inherited metabolic disorder characterized by toxic metabolite buildup [2][9]. - Interim clinical data published in Nature indicates early signs of clinical improvement, with a potential data readout expected by the end of 2026 [3][10]. Group 3: Market Context - Propionic acidemia affects approximately 1 in 100,000-150,000 individuals globally and currently lacks effective therapies targeting the underlying cause [7]. - If approved, mRNA-3927 could be the first disease-modifying treatment option available for this severe condition [2][6]. Group 4: Company Background - Recordati is an international pharmaceutical group with a focus on specialty and primary care, operating in around 150 countries and employing over 4,500 people [11]. - The company aims to address both common health challenges and rare diseases, emphasizing the belief that health is a fundamental right [11].