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KalVista Pharmaceuticals Signs Synthetic Royalty Financing Agreement with DRI Healthcare Trust
Nov 04, 2024•over 1 year ago
Contract Type
agreement
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.
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