RE: Bought for license deal23 Jul 2025 07:35
IP granted in all major jurisdictions, EMA approval given in May. FDA is the final one, company is in preclinical deal mode.
"Our valuation of NXP002 as a preclinical asset using a 13% WACC gives a risk adjusted valuation of NFX of £52.8m.The de-risked global value of NXP002 in IPF is £528m, which illustrates its total value potential. NFX is looking to license the asset before Phase I, in which case we would anticipate a global deal value of between $360-450m, in up front and milestone payments, plus single digit royalties on sales, increasing in value in proportion to the stage of development of the underlying asset: from feasibility up to the full Phase I."