Windtree Therapeutics To Develop And Commercialize Drug Candidates In China; To Receive Up To $138.1M In Payments Upon Achievement Of Certain Milestones And Up Yo Low Double-Digit Royalties
Portfolio Pulse from Benzinga Newsdesk
Windtree Therapeutics has entered into an agreement to develop and commercialize its drug candidates in China, with the potential to receive up to $138.1 million in milestone payments and low double-digit royalties. This deal aims to support Windtree's treatments for acute heart failure and cardiogenic shock, addressing an unmet medical need in China.
January 18, 2024 | 2:04 pm
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Windtree Therapeutics' deal to develop and commercialize its drug candidates in China could lead to significant financial inflows of up to $138.1M in milestone payments and royalties, bolstering its financial position and supporting its pipeline treatments.
The agreement with China is directly related to Windtree Therapeutics and is likely to have a positive impact on the company's financials due to the potential for significant milestone payments and royalties. This could increase investor confidence in the company's ability to fund its pipeline treatments and expand its market presence in China.
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