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Basilea's Business Strategy Emboldened By $500m Pfizer Deal

 
• By John Davis

Swiss company Basilea has attracted Pfizer as a European partner for its antifungal Cresimba and plans to strengthen its development pipeline with licensed-in products and further collaborations.

Basel Minister by Night
Basel Minster By Night • Source: Shutterstock

Upfront, milestones and royalty payments from Pfizer Inc., the newly recruited European licensee for Basilea Pharmaceutica Ltd.’s antifungal, Cresemba (isavuconazole), should give a welcome boost to the Swiss company’s strategy of developing early clinical-stage products to overcome resistance to anti-infective and oncology medicines, and finding additional partners around the world for its marketed products that include Cresemba and the antibiotic, Zevtera/Mabelio (ceftobiprole).

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