BRIEF-Bayer Strengthens Cardiovascular Portfolio With Cytokinetics' Aficamten In Japan

Reuters

2024-11-19

Nov 19 (Reuters) - Bayer AG :

* STRENGTHENS CARDIOVASCULAR PORTFOLIO WITH CYTOKINETICS' AFICAMTEN IN JAPAN

* EXCLUSIVE LICENSE AGREEMENT WITH CYTOKINETICS TO DEVELOP AND COMMERCIALIZE AFICAMTEN IN JAPAN

* CYTOKINETICS WILL RECEIVE APPROXIMATELY EUR 70 MILLION IN UPFRONT AND NEAR-TERM PAYMENTS

* IS ELIGIBLE TO RECEIVE UP TO EUR 490 MILLION IN COMMERCIAL MILESTONE PAYMENTS WITH TIERED ROYALTIES ON FUTURE SALES

* HIGHLY STRATEGIC FIT ADDING TO BAYER'S COMMERCIAL FOOTPRINT IN SPECIALTY CARDIOLOGY

Source text: Further company coverage:

((frankfurt.newsroom@thomsonreuters.com;))

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