Vaxart Inks Antiviral Asset Licensing Pact With Altesa Biosciences

by Vandana Singh, Benzinga Editor

July 7, 2021 11:50 AM | 1 min read | Make a Comment

Vaxart Inc VXRT has granted Altesa Biosciences Inc an exclusive worldwide license to develop and commercialize Vaxart's patented formulation of the capsid-binding Vapendavir, a clinical-stage broad-spectrum antiviral.
Under the terms of the agreement, Vaxart is eligible to receive up to $130 million in milestone payments and tiered royalties ranging from the low-single to low-double digits on product sales for multiple indications.
Vaxart acquired Vapendavir in 2018 as part of the merger with Aviragen Therapeutics Inc.
Price Action: VXRT shares are down 1.36% at $7.26 during the market session on the last check Wednesday.

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