Viatris: Idorsia Ltd and Viatris Inc. Update Their Collaboration for Selatogrel and Cenerimod

Idorsia Ltd. announced that it has reached an agreement with Viatris Inc. to update the terms of the global development and commercialization collaboration for selatogrel and cenerimod. In exchange for a USD 100 million reduction to Idorsia?s contribution to the development costs due in 2025, Idorsia has agreed to a USD 250 million reduction in future potential regulatory and sales milestone payments, and an expansion of territorial rights to Viatris for cenerimod. The agreed royalties on future sales remain unchanged. On March 15, 2024, Idorsia entered a global research and development collaboration with Viatris, for the global development and commercialization rights to selatogrel and cenerimod. Idorsia received an upfront payment of USD 350 million (CHF 308 million) and is entitled to potential development and regulatory milestone payments, and certain contingent payments of additional sales milestone payments and tiered royalties in the mid-single to low-double digit percentages on annual net sales. Under the updated terms, Idorsia has agreed to a USD 250 million reduction in future potential regulatory and sales milestone payments. Under the updated terms, Idorsia is contributing up to USD 100 million (reduced from up to USD 200 million) for the development. For the performance of development services, Idorsia contributed a total of USD 73 million in 2024 with the remaining USD 27 million scheduled to be paid in four quarterly installments in 2026. Under the updated terms, Idorsia will consent to Nxera Pharma assigning to Viatris its development and commercialization rights for cenerimod in Japan, South Korea and certain countries in the Asia-Pacific region. Idorsia Ltd. announced that it has reached an agreement with Viatris Inc. to update the terms of the global development and commercialization collaboration for selatogrel and cenerimod. In exchange for a USD 100 million reduction to Idorsia?s contribution to the development costs due in 2025, Idorsia has agreed to a USD 250 million reduction in future potential regulatory and sales milestone payments, and an expansion of territorial rights to Viatris for cenerimod. The agreed royalties on future sales remain unchanged. On March 15, 2024, Idorsia entered a global research and development collaboration with Viatris, for the global development and commercialization rights to selatogrel and cenerimod. Idorsia received an upfront payment of USD 350 million (CHF 308 million) and is entitled to potential development and regulatory milestone payments, and certain contingent payments of additional sales milestone payments and tiered royalties in the mid-single to low-double digit percentages on annual net sales. Under the updated terms, Idorsia has agreed to a USD 250 million reduction in future potential regulatory and sales milestone payments. Under the updated terms, Idorsia is contributing up to USD 100 million (reduced from up to USD 200 million) for the development. For the performance of development services, Idorsia contributed a total of USD 73 million in 2024 with the remaining USD 27 million scheduled to be paid in four quarterly installments in 2026. Under the updated terms, Idorsia will consent to Nxera Pharma assigning to Viatris its development and commercialization rights for cenerimod in Japan, South Korea and certain countries in the Asia-Pacific region.