Strong Cresemba sales in Japan trigger first milestone payment to Basilea
Swiss drug developer Basilea Pharmaceutica (SIX: BSLN) reported that the sales of the antifungal Cresemba (isavuconazole) in Japan exceeded the threshold triggering the first sales milestone payment from its partner Asahi Kasei Pharma (TYO: 3407; AKP), amounting to around 1.2 million Swiss francs ($1.32 billion).
David Veitch, chief executive of Basilea, said: “Japan is a key market with significant growth potential for Cresemba. The achievement of the first sales milestone already in the second year of commercialization is a testament of the commercial capability of our partner AKP in this important market. The strong sales ramp-up in the early stage of its life cycle in Japan underscores that Cresemba is meeting critical medical needs of patients with life-threatening fungal infections.”
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