Nektar receives $19.75M payment

Pursuant to its license, manufacturing and supply agreement with Ophthotech for certain aspects of its PEGylation technology to develop, manufacture and sell Fovista, Nektar Therapeutics (NKTR) receives a $19.75M payment from its partner.

On May 19, 2014 Ophthotech entered into a licensing and commercialization agreement with Novartis (NVS) for Fovista. Pursuant to this contract, Novartis paid Ophthotech a $200M upfront fee. This was the basis for paying $19.75M to NKTR.

NKTR is entitled to as much as $9.5M in additional payments from Ophthotech based on its achievement of certain regulatory and sales milestones plus low- to mid-single digit royalties on net sales of Fovista.

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Comments (1)
  • Scrying Biotech
    , contributor
    Comments (2740) | Send Message
    It's the year of NKTR.
    18 Jun 2014, 06:50 PM Reply Like
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