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Lee’s Pharma in $138 Million Deal for China Rights to Heart Failure Treatment

publication date: Jan 17, 2024

Lee’s Pharma, a Hong Kong in-licensing company, acquired China rights to a heart failure therapy from Windtree Therapeutics of Pennsylvania in a $138 million deal plus royalties. Lee’s will be responsible for a China Phase III trial of istaroxime for acute heart failure and cardiogenic shock, and it will also have rights to Windtree’s preclinical next-gen dual mechanism SERCA2a activators and rostafuroxin, a Phase II candidate for hypertension associated with specific genotypes. About $100 million of the agreement is for istaroxime. Windtree has already completed a Phase IIb trial of istaroxime in China with positive published results. More details....

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