Deal Watch: Cidara Licenses US Rights To Antifungal Under FDA Review To Melinta

Cidara gets $30m up front for US rights to the weekly echinocandin candidate for candidemia and invasive candidiasis. Takeda walks away from oncolytic virus candidate licensed from Turnstone.

Deal Watch 2021
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Scrip regularly covers business development and deal making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Biomedtracker.

With its novel antifungal candidate rezafungin now at the US Food and Drug Administration for review, Cidara Therapeutics, Inc. is monetizing its asset, getting $30m up front from Melinta Therapeutics, Inc. for US commercial rights to the once-weekly echinocandin intended to treat candidemia and invasive candidiasis

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