Loading...
Basilea Pharmaceutica's License Agreement: Basilea Pharmaceutica Ltd has entered an exclusive license agreement with Venatorx Pharmaceuticals to acquire global rights to ceftibuten-ledaborbactam etzadroxil, a promising oral treatment for complicated urinary tract infections (cUTI) caused by multidrug-resistant bacteria, which is ready for clinical phase 3 trials.
Financial Implications and Development Plans: The agreement includes upfront and milestone payments totaling up to USD 325 million, with an expected increase of CHF 15 million in R&D expenses for 2025. Basilea plans to initiate the registrational phase 3 program for cUTI within approximately 18 months.
