Blueprint raises $1.25 billion in strategic financing deals

30 June 2022

Blueprint Medicines (Nasdaq: BPMC) has announced strategic financing collaborations with Sixth Street and Royalty Pharma (Nasdaq: RPRX) worth $1.25 billion.

The firm said the agreements would bring “significant non-dilutive, low-cost capital to drive innovation and growth.”

The life sciences-focused investors will gain royalties on the anticipated commercial opportunity and launch performance of Ayvakit (avapritinib) and Gavreto (pralsetinib).

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