Spero Therapeutics -- Additional Upside Potential Following Positive Phase 3 Results

Biotech Fan
422 Followers
(18min)

Summary

  • Based on the positive results of the registrational Phase 3 PIVOT-PO study, Tebipenem is expected to be approved under the SPA in mid-2026.
  • Spero will not bear any costs or risks since GSK, as a license partner, will take over commercialization.
  • Approval is expected to trigger in total of $175 million in milestone payments over the next 12 months.
  • Spero is entitled to receive additional sales milestone payments of $225 million, as well as royalties in the low single to double digits.
  • GSK could possibly acquire the company in order to avoid future milestone payments.

A piggy bank filling up with coins

Richard Drury

Following the recommendation of the IDMC, Spero Therapeutics (NASDAQ:SPRO) has decided to stop its PIVOT-PO Phase 3 trial early and ahead of schedule. The study's objective of non-inferiority to intravenous imipenem-cilastatin was achieved, although the

This article was written by

422 Followers
Hey there, I would like to encourage you to follow me and read my articles for stocks with an excellent risk-reward profile. i am an individual who enjoys dealing with public Biotech companys. I write articles not for investment activities, I just want to share my knowledge gained through the researches for stocks in my own Portfolio.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SPRO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About SPRO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on SPRO

Related Stocks

SymbolLast Price% Chg
SPRO
--