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Anaptys To Receive $50M Upfront Cash Payment From Sagard Healthcare From Amended Agreement In Exchange For Additional Jemperli Royalties

Author: Benzinga Newsdesk | May 09, 2024 05:04pm
  • Anaptys to receive $50 million upfront cash payment from Sagard Healthcare

     
  • Prior agreement amended to now expire once Sagard receives a capped payoff of either $600 million if received by March 31, 2031 or $675 million if received thereafter

SAN DIEGO, May 09, 2024 (GLOBE NEWSWIRE) -- AnaptysBio, Inc. (NASDAQ:ANAB), a clinical-stage biotechnology company focused on delivering innovative immunology therapeutics, today announced the execution of an amended agreement with Sagard Healthcare for additional Anaptys Jemperli (dostarlimab) royalties. Anaptys intends to utilize the proceeds of the transaction to continue the broad development of its immune cell modulators (ICMs), including its best-in-class checkpoint agonists, in heterogeneous, systemic autoimmune and inflammatory diseases.

Posted In: ANAB


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