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Commercial sale of Phoslyra triggers $5M payment
August 18, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Nabi Biopharmaceuticals has received a $5 million payment from Fresenius USA Manufacturing, Inc. related to the first commercial sale of Phoslyra, a milestone under an agreement for the company’s 2006 sale of PhosLo (calcium acetate) and related assets to Fresenius. These assets included the rights to a new liquid formulation of PhosLo that Fresenius has commercialized as Phoslyra. Nabi is eligible to receive a $2.5 million milestone for the approval of a new indication for PhosLo along w...
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