regulatory
confidence high
sentiment positive
materiality 0.70
Travere's FILSPARI gets standard EU marketing authorization; receives $17.5M milestone
Travere Therapeutics, Inc.
- European Commission converts conditional approval to standard MA for FILSPARI (sparsentan) for primary IgAN in all EU member states, plus Iceland, Liechtenstein, Norway.
- UK MHRA also converted to standard approval on April 15, 2025.
- Company receives $17.5M milestone payment from CSL Vifor; eligible for additional market access and sales-based milestones.
- Approval based on Phase 3 PROTECT Study showing significant slowing of kidney function decline vs. irbesartan.