Breaking News, Collaborations & Alliances

Portola Receives $100M Milestone

From HealthCare Royalty Partners (HCR) following the FDA's approval of Andexxa

Portola Pharmaceuticals has received a $100 million milestone payment from HealthCare Royalty Partners (HCR) following the U.S. Food and Drug Administration (FDA) approval of Andexxa [coagulation Factor Xa (recombinant), inactivated-zhzo] on May 3, 2018. In February 2017, Portola entered into a $150 million royalty agreement with HCR in exchange for a tiered, mid-single-digit royalty based on worldwide sales of Andexxa. Portola received $50 million at closing, with an additional $100 mill...

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