Sosei Heptares to receive US$2.5 million milestone payment from Formosa Pharmaceuticals

Author's Avatar
Mar 11, 2021
Article's Main Image

- Payment follows dosing of the first patient in a Phase 3 trial of APP13007 for the treatment of inflammation and pain after cataract surgery

- APP13007 originated at Activus Pharma, a former subsidiary of Sosei Heptares now owned by Formosa

- Sosei Heptares remains eligible to receive undisclosed milestone payments and royalties based on the progression of Activus' pipeline at Formosa

PR Newswire