Spero Therapeutics secures $105 million royalty financing
Cambridge, USA-based biotech Spero Therapeutics (Nasdaq: SPRO) on Tuesday announced a $105 million non-recourse, non-dilutive royalty financing transaction with affiliates of Healthcare Royalty, a business of KKR.
This financing will primarily fund the advancement of Spero’s lead immunology drug candidate, SP001, a Phase II-ready anti-CD40L monoclonal antibody, into Phase II development.
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