Roivant Sciences Unveils New 'Vant' Subsidiary For In-Licensed Pulmonary Hypertension Drug From Bayer
Portfolio Pulse from Vandana Singh
Roivant Sciences Ltd. has launched a new subsidiary, Pulmovant, to develop and commercialize the pulmonary hypertension drug mosliciguat, in-licensed from Bayer AG. The drug has shown promising results in reducing pulmonary vascular resistance in trials. Roivant's stock is down 1.88% following the announcement.
September 10, 2024 | 6:21 pm
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POSITIVE IMPACT
Bayer AG has licensed its pulmonary hypertension drug mosliciguat to Roivant's new subsidiary Pulmovant, receiving an upfront payment and potential future milestones.
Bayer's licensing deal with Roivant for mosliciguat provides immediate financial benefits and potential future earnings, which is positive for Bayer's financial outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Roivant Sciences has created Pulmovant to develop mosliciguat, a promising pulmonary hypertension drug in-licensed from Bayer. Despite positive trial results, ROIV stock is down 1.88%.
Roivant's creation of Pulmovant and the promising trial results for mosliciguat are positive developments. However, the stock price is currently down, possibly due to market reactions or other factors not detailed in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90