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Basilea remains eligible for milestones of up to approximately CHF 515 million, in addition to royalties on sales.
June 8, 2023
By: Kristin Brooks
Managing Editor, Contract Pharma
Basilea Pharmaceutica Ltd., a commercial-stage biopharmaceutical company focused on severe bacterial or fungal infections, reported that sales of the antifungal Cresemba (isavuconazole) by its license partner Pfizer in Europe and the Asia Pacific and China regions, respectively, exceeded thresholds that triggered two separate milestone payments totaling $26.25 million to Basilea. David Veitch, Chief Executive Officer of Basilea, said, “These sales milestone events confirm that Cresemba conti...
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