Basilea Pharmaceutica Acquires Spexis’ Preclinical Antibiotics Program for $2.34M
Shots:
- Basilea Pharmaceutica and Spexis have signed an asset purchase agreement for preclinical antibiotics program focusing on gram-negative bacteria, incl. novel multidrug-resistant strains
- As per the agreement, Basilea acquires all program compounds, know-how, and intellectual property from Spexis for a total payment of $2.34M (CHF 2M) which includes an up front payment, a transfer-related payment, and a potential final milestone payment linked to near-term external funding for the program's development
- Additionally, Basilea also takes over Spexis' rights and obligations, incl. potential low single-digit percentage royalties on sales through licensing agreements
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Shivani is a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She covers news related to Product approvals, clinical trial results, and updates. She can be contacted at connect@pharmashots.com.
