other material
confidence high
sentiment neutral
materiality 0.70
AnaptysBio sells Zejula royalty rights to DRI Healthcare for $35M upfront
ANAPTYSBIO, INC
- Received $35M upfront from DRI for all future Zejula royalties from GSK (effective July 2022).
- Eligible for additional $10M milestone if Zejula approved for endometrial cancer by Dec 31, 2025.
- Current effective royalty rate is 0.5% of global Zejula net sales.
- Agreement includes customary covenants; Purchase Agreement to be filed in Q3 2022 10-Q.