United’s Martine Rothblatt endorses a biotech unicorn’s CEO and antes up for US rights to an IPF drug
United Therapeutics Martine Rothblatt has joined the pack of admirers backing one of the industry’s most intriguing biotech unicorns.
Just a few months after gaining a whopping $438 million round on a $12 billion valuation — with little hard data to show so far — San Diego-based Samumed is outlicensing an early-stage drug for idiopathic pulmonary fibrosis to United for $10 million in cash and up to $340 million in milestones in a heavily back-ended deal.
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