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KalVista Pharmaceuticals Signs Synthetic Royalty Financing Agreement with DRI Healthcare Trust

Nov 04, 2024over 1 year ago

Contract Type

agreement

FraminghamBiotechnologyHealth Careresearch

Description

KalVista Pharmaceuticals has closed a synthetic royalty financing agreement with DRI Healthcare Trust for up to $179 million, to be used for the commercialization of sebetralstat, pending FDA approval. The deal includes an upfront payment of $100 million, with additional milestone payments totaling $57 million. DRI has also expressed interest in investing up to $5 million in KalVista’s common stock.

Company Information

Company

KalVista Pharmaceuticals

Location

200 Crossing Blvd

Framingham, Massachusetts, United States

About

KalVista Pharmaceuticals, Inc. is a pharmaceutical company focused on the discovery, development, and commercialization of oral, small molecule protease inhibitors for diseases with significant unmet need. KalVista is developing sebetralstat as an oral on-demand therapy for HAE attacks and has achieved its enrollment target for the phase 3 KONFIDENT clinical trial. In addition, KalVista’s oral Factor XIIa inhibitor program represents a new generation of therapies that may further improve the treatment for people living with HAE and other diseases. For more information about KalVista, please visit www.kalvista.com. For more information on the sebetralstat HAE on-demand Phase 3 KONFIDENT study, please visit www.konfidentstudy.com.

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