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    Sosei Heptares to Receive US$2.5 Million Milestone Payment from Formosa Pharmaceuticals

    Details:

    First patient is dosed in a 370-patient in Phase 3 trial of APP13007 in the US. Sosei Heptares will receive undisclosed milestone payments based on progression of Activus' pipeline and royalties from the commercialization of certain products should they reach the market.


    Lead Product(s): Clobetasol Propionate

    Therapeutic Area: Ophthalmology Product Name: APP13007

    Highest Development Status: Phase IIIProduct Type: Small molecule

    Recipient: Sosei Heptares

    Deal Size: $8.5 million Upfront Cash: Undisclosed

    Deal Type: Agreement March 11, 2021

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