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Ji Xing Acquires Tachycardia Treatment in $127.5 Million Deal

publication date: May 17, 2021

Ji Xing Pharma of Shanghai acquired Greater China rights to a novel treatment for tachycardia from Milestone Pharma (NSDQ: MIST) in a $127.5 million agreement. Ji Xing's backer, RTW Investments, a New York company focused on innovative medicines for China, will make a $15 million upfront payment to Milestone and invest $5 million in the company. Ji Xing will be responsible for up to $107.5 million in milestone payments. Milestone is conducting a US Phase III trial of the candidate, etripamil, a nasal treatment for paroxysmal supraventricular tachycardia. More details....

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