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Details:
BYFAVO is the second Acacia Pharma product approved and launched in the US in the last year and extends its portfolio of new products targeting unmet needs in anesthesia.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Byfavo
Highest Development Status: ApprovedProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable January 28, 2021
Details:
Under the Investment Agreement, Cosmo would have become eligible to receive a €5 million payment from the Company payable in new ordinary shares in the Company conditional upon the first commercial sale of the BYFAVO™ product in the United States.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Byfavo
Highest Development Status: ApprovedProduct Type: Small molecule
Partner/Sponsor/Collaborator: Acacia Pharma
Deal Size: $45.0 million Upfront Cash: Undisclosed
Deal Type: Agreement December 15, 2020
Details:
US DEA has designated its procedural sedative BYFAVO™ (remimazolam injection) as a Schedule IV medicine. This designation is the schedule for drugs with a low potential for abuse and low risk of dependence and is consistent with that granted to many other benzodiazepine drugs.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Byfavo
Highest Development Status: ApprovedProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable October 06, 2020
Details:
Acacia Pharma has been assigned the US license to BYFAVO™ (remimazolam) for injection by Cosmo Pharmaceuticals NV. BYFAVO for injection is a very rapid onset/offset intravenous benzodiazepine sedative for use during invasive medical procedures lasting 30 minutes or less.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Byfavo
Highest Development Status: ApprovedProduct Type: Small molecule
Partner/Sponsor/Collaborator: Acacia Pharma
Deal Size: Undisclosed Upfront Cash: Undisclosed
Deal Type: Licensing Agreement July 15, 2020
Details:
The US Food and Drug Administration (FDA) has approved BYFAVO™ (remimazolam injection) for the induction and maintenance of procedural sedation in adults undergoing procedures lasting 30 minutes or less.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Byfavo
Highest Development Status: ApprovedProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable July 02, 2020
Details:
Acacia Pharma will be responsible for the marketing and distribution of ByFavo in the US in the context of its equity-for-product strategy.
Lead Product(s): Remimazolam Besylate
Therapeutic Area: Neurology Product Name: Undisclosed
Highest Development Status: Phase IIIProduct Type: Small molecule
Partner/Sponsor/Collaborator: Cosmo Pharmaceuticals
Deal Size: $143.2 million Upfront Cash: $11.1 million
Deal Type: Licensing Agreement January 09, 2020
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