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GlaxoSmithKline sells two anti-cancer drug concessions for US$342 million

 Last Update: 2021-04-14
 Source: Internet
 Author: User

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A GSK spokesperson confirmed: "In February 2020, we announced plans to split GSK into two great new companies, which will be funded mainly by asset disposal.

As part of the 2002 collaboration with Exelixis to develop Cabozantinib (the common name for Cabometyx and Cometriq), GSK initially received a 3% royalty.

This move continues Royal's successful strategy of acquiring royalties on pharmaceuticals, diagnostics and medical products.

Legorreta has planned royalty agreements for several famous drugs over the years, including Humira, Truvada, Imbruvica and Trodelvy.

Prior to this, Royalty is obliged to pay 50% of the royalties to the CF Foundation.

In Cabometyx, Royalty has obtained a drug that is expected to become a blockbuster product.

Last year, Cabometyx and Cometriq's sales reached 742 million US dollars and 289 million euros, respectively.

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