Kyorin in-licenses sleep apnea treatment from Bayer

17 December 2024

Japanese drugmaker Kyorin Pharmaceutical (TYO: 4569) has entered into a licensee agreement with Bayer (BAYN: DE) for the novel obstructive sleep apnea (OSA) treatment BAY2925976 and its backup compound discovered by the German pharma major.

Kyorin have obtained the exclusive worldwide rights to manufacture, develop, and commercialize BAY2925976 and its backup compound, in return for which it will make an upfront payment of 15 million euros ($15.8 million) to Bayer along with milestone payments of up to 70 million euros based on development progress.

Additionally, royalties based on net sales and commercialization milestone payments will be provided to Bayer.

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