M&A
confidence high
sentiment positive
materiality 0.90
Omeros sells OMIDRIA franchise to Rayner Surgical for $125M upfront plus milestones and royalties
OMEROS CORP
- Upfront payment of $125M at closing; potential $200M milestone if separate payment secured for four continuous years.
- Royalties: 50% of U.S. net sales until earlier of Jan 1, 2025 or milestone paid, then 30%; 15% on ex-U.S. net sales.
- Transaction valued in excess of $1 billion including royalties; Omeros retains $34M accounts receivable.
- Omeros to focus on complement franchise of MASP-2 and MASP-3 inhibitors.
- Closing expected on or before Dec 31, 2021, subject to HSR waiting period expiration.