2023-11-13 14:44:00
(CercleFinance.com) – The Swiss biotechnology group Basilea Pharmaceutica announced on Monday that it would acquire rights to fosmanogepix, a broad-spectrum antifungal in the development phase, from Amplyx, a subsidiary of Pfizer.
This drug with a new mechanism of action – and which can be administered both intravenously and orally – is the subject of phase 2 studies for the treatment of candidiasis and invasive fungal infections.
David Veitch, CEO of Basilea, highlights a ‘very promising’ candidate at an advanced stage of development representing an interesting avenue for the most difficult to treat fungal infections.
Basilea says it plans to start a phase 3 clinical study in the middle of next year.
The group plans to make a milestone payment of $37 million before payments that could reach $110 million depending on the progress of the projects.
In total, its payments could reach $396 million, not including royalties on potential future sales of the drug.
Apart from fosmanogepix, Basilea has acquired the rights to another antifungal from Amplyx, this time in preclinical development.
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