Windtree Therapeutics Entered Into An Agreement With Lee's Pharmaceutical (Hk) Ltd. To Exclusively License And Commercialize Their Cardiovascular Products In Several Asian Countries, Potentially Earning Up To $138.35M In Milestone Payments
Portfolio Pulse from Charles Gross
Windtree Therapeutics has signed an exclusive licensing and commercialization agreement with Lee's Pharmaceutical (HK) Ltd. for its cardiovascular products in select Asian markets. The deal could yield up to $138.35 million in milestone payments for Windtree.
January 17, 2024 | 12:59 pm
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Windtree Therapeutics could receive up to $138.35 million in milestone payments from its deal with Lee's Pharmaceutical for the Asian market.
The agreement with Lee's Pharmaceutical represents a significant revenue opportunity for Windtree Therapeutics. The potential for earning up to $138.35 million in milestone payments is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term. The deal expands Windtree's commercial presence in Asia, which is a positive development for the company's growth strategy.
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