
Oligonucleotide Drug Developer

Gene Editing Drug Developer
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On May 20, Sirius Therapeutics and CRISPR Therapeutics announced a strategic partnership to jointly advance the co-development and commercialization of siRNA therapies.This collaboration combines the complementary capabilities of both parties in R&D and industrialization to jointly develop and commercialize SRSD107, a next-generation long-acting Factor XI (FXI)-targeted small interfering RNA (siRNA) therapy, for the treatment of thrombotic and thromboembolic diseases.
According to the terms of the agreement, Sirius Therapeutics will receive $95 million in cash and cash equivalents as an upfront payment from CRISPR Therapeutics and is eligible to receive over $800 million in advance payments and milestone payments.The two parties will jointly develop SRSD107 with a 50:50 cost and profit sharing mechanism. In addition, the agreement grants CRISPR Therapeutics the exclusive right of first negotiation to in-license up to two additional siRNA projects in the future.
Boyu Capital participated in the B2 round of financing of Sirius Therapeutics in 2025.
SRSD107 is a next-generation long-acting siRNA therapy designed to selectively inhibit coagulation factor XI (FXI). The FXI target plays a key role in pathological thrombosis but has minimal impact on normal hemostatic function. By targeting FXI, SRSD107 has the potential to reduce thrombotic events while significantly lowering the risk of bleeding, demonstrating therapeutic advantages over coagulation factor X activity (FXa) inhibitors. The potential indications for SRSD107 are broad, including atrial fibrillation, venous thromboembolism (VTE), cancer-associated thrombosis, end-stage renal disease patients undergoing hemodialysis, and major orthopedic surgery populations whose treatment options are limited due to bleeding risks.
Sirius Therapeutics Pipeline
Currently, SRSD107 has completed two Phase I clinical trials, showing good safety and tolerability after a single dose. The relevant research findings were presented at the 2025 American College of Cardiology (ACC) Annual Scientific Session and the 2024 American Society of Hematology (ASH) Annual Meeting. The Phase II clinical trial of SRSD107 is being initiated to evaluate its safety and efficacy in preventing venous thromboembolism (VTE) in patients undergoing knee replacement surgery. This study will provide clinical scientific evidence for confirming its anticoagulant clinical benefits and dose selection for subsequent pivotal trials.
Both parties will jointly advance the development of SRSD107 through a 50:50 cost and profit-sharing model. According to the agreement, CRISPR Therapeutics will be responsible for the commercialization of the product in the United States, while Sirius Therapeutics will oversee the Greater China market.