UniQure reaches milestone, Idorsia's bridge financing extends runway, and Pharvaris scores $70M placement
UniQure, the developer of Hemgenix, the $3.5 million hemophilia B gene therapy licensed to Australia’s CSL Behring, announced Tuesday morning that it hit a $100 million milestone based on Hemgenix’s first commercial sale in the US.
That milestone is set to be paid in the next 30 days.
This influx of cash comes a month after uniQure sold part of its Hemgenix royalties to HealthCare Royalty and Sagard Healthcare for $375 million, with the possibility of a $25 million milestone payment if sales reach a certain amount in 2024.
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