Jun. 26 at 10:32 AM
$TBPH $VTRS
Theravance Biopharma announces Viatris approval for Yupelri in China
Theravance Biopharma (TBPH) announced that Viatris (VTRS), has secured regulatory approval from China's National Medical Products Administration for Yupelri inhalation solution, the first once-daily nebulized long-acting muscarinic antagonist approved for maintenance treatment of chronic obstructive pulmonary disease in China.
This approval triggers a one-time
$7.5M from Viatris to Theravance Biopharma, which is expected to be received in Q3. Theravance Biopharma is also eligible for further sales-based milestones of up to
$37.5M and tiered royalties of 14% to 20% on net sales in China. Viatris is responsible for all aspects of development and commercialization of Yupelri in China.