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British company GlaxoSmithKline has announced that it will sell the rights to its experimental dermatology drug, tapinarof, to Roivant Sciences’ subsidiary Dermavent Sciences, in a deal worth up to £250 million.
Dermavent made an initial payment of £150 million for the rights to tapinarof, with an agreed future milestone payment of an additional £100 million if the drug meets developmental targets. Upon completion of the deal, Dermavent will hold the global rights to the experimental drug in all countries except China.
Original Article: GSK confirms £250m deal to sell experimental drug to Dermavent SciencesNEXT ARTICLE
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