UK biotech hands off mid-stage C. difficile drug in up to $570M deal
A biotech in the UK has out-licensed a C. difficile candidate to a US biotech for further clinical and commercialization efforts.
UK-based Destiny Pharma announced Friday that it is handing NTCD-M3 to Sebela Pharmaceuticals. The deal includes an initial $1 million upfront, $19 million in development milestones, and an additional $550 million in sales milestones — on top of royalties.
The deal allows Sebela to lead and finance clinical development and commercialization of the drug in North America, while Destiny retains the majority of rights in Europe and the rest of the world. Destiny added in a statement that Sebela “has a minority interest in any income generated in these non-North American territories based on the clinical studies it is funding.”
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.