Veru (VERU) is selling its Entadfi capsules business for benign prostatic hyperplasia to Blue Water Vaccines, Inc. (BWV) for $20M and up to an additional $80M from sales milestones. Veru received $6M at closing and Blue Water is obligated to pay the company an additional $4M in the company’s FY23, and an additional $10M in installments in the company’s FY24. In addition, Veru could receive up to an additional $80M if certain Entadfi sales milestones are achieved.
Published first on TheFly
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