Viatris And Idorsia Forge Global Partnership For Breakthrough Heart Attack Treatments
Portfolio Pulse from Nabaparna Bhattacharya
Viatris Inc. (NASDAQ:VTRS) has entered into a global partnership with Idorsia for the development and commercialization of selatogrel, a treatment for acute myocardial infarction (AMI), and cenerimod, a potential treatment for systemic lupus erythematosus (SLE). Viatris will receive exclusive global rights to these assets, with Idorsia receiving an upfront payment of $350 million, along with potential milestone payments and royalties. Both companies will share development costs, and the deal includes rights of first refusal and negotiation for Viatris on future Idorsia assets.
February 28, 2024 | 10:20 am
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Viatris Inc. enters a significant partnership with Idorsia, gaining global rights to selatogrel and cenerimod, with an upfront payment of $350 million to Idorsia, plus potential milestone payments and royalties.
The partnership with Idorsia grants Viatris access to promising treatments for AMI and SLE, expanding its cardiovascular and immunology portfolios. The deal's structure, involving upfront and potential milestone payments plus royalties, indicates a strong commitment and potential for significant revenue growth. This strategic move could enhance Viatris's market position and investor confidence, likely leading to a positive short-term impact on its stock price.
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