Basilea out-licensing Zevtera to Innoviva
Basilea announced the out-licensing of the commercial rights to Zevtera for the US to Innoviva, disclosing USD4m upfront and tiered royalties on net sales in the high-teens to mid-twenties percentage range, as well as sales milestones of up to USD223m. As the company clearly previously indicated maBasilea Pharmaceutica is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of pharmaceutical products for the treatment of bacterial infections, fungal infections, oncology and skin diseases. Co. focuses on antibiotics and antifungals as well as oncology and dermatology drugs. Co.'s portfolio spans from innovative early-stage through clinical late-stage drug candidates to a marketed product. In the context of its international commercialization organization, Co. has subsidiaries in Denmark, France, Germany, Italy, Spain and the United Kingdom.
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