BridgeBio Entered into an Asset Purchase Agreement with Sentynl to Commercilize Nulibry (fosdenopterin) for Molybdenum Cofactor Deficiency
Shots:
- BridgeBio to receive cash payments upon the achievement of regulatory milestones & will be eligible to receive commercial milestones along with royalties on sales of Nulibry
- Sentynl to acquire global rights to Nulibry & will be responsible for the ongoing development & commercialization of Nulibry in the US along with fosdenopterin globally
- BridgeBio will be responsible to share the development responsibilities for fosdenopterin through approval of the MAA & regulatory submission with the Israeli Ministry of Health. Nulibry has been approved in the US to reduce the risk of mortality in patients with MoCD Type A & studies showed an improvement in OS over the historical control group
Ref: Globe Newswire | Image: BridgeBio
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