10:15 AM EDT, 07/23/2024 (MT Newswires) -- UniQure ( QURE ) said Tuesday it has closed the sale its manufacturing facility in Lexington, Massachusetts, to Genezen.

As a result of the deal, the company has become a "meaningful" shareholder in Genezen and uniQure Chief Executive Matt Kapusta has joined Genezen's board, uniQure said.

UniQure ( QURE ) said it expects a decrease in recurring cash burn of about $40 million a year, including interest expense savings from the retirement of $50 million in debt.

Amin Abujoub, currently uniQure's chief quality officer has been appointed to the new role of chief technical operations officer and will be in charge of global oversight of contract manufacturers, including Genezen, uniQure said.

UniQure ( QURE ) also said that, as a result of the sale, it has eliminated the chief operating officer role and Pierre Caloz will leave the company, but will continue to lend his expertise in an advisory role.

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