Saturday, December 16, 2023 8:09:53 AM
Back in May, Microbix partnered with Sequel Pharma to bring back Kinlytic to the market. So far, they have received $4M in payments, will receive another million upon filing the supplemental BLA, can earn $30M with sales milestone payments. ALSO, they will earn double digit royalties on sales, which are estimated at $15 to $25M per year once fully ramped up.
This is based on the catheter clearance market in the U.S. only. Eventually that may expand to Europe, Canada, and other continents/countries. It may also expand to other indications (thrombolytic therapy/embolism). And Microbix will continue to get royalties.
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