- Milestone related to the launch of Cresemba in Japan
Basel/Allschwil, Switzerland, March 23, 2023
Basilea Pharmaceutica Ltd (SIX: BSLN), a commercial-stage biopharmaceutical company committed to meeting the needs of patients with severe bacterial or fungal infections, announced today that its license partner Asahi Kasei Pharma (“AKP”) has reported the achievement of a milestone related to the launch of Cresemba® (isavuconazole) in Japan, which triggered a CHF 5 million payment from AKP to Basilea.
David Veitch, Basilea’s CEO, stated: “We congratulate our partner AKP on this significant milestone, following the marketing authorization in Japan in December 2022. Japan is an important commercial market for newer antifungals and we look forward to continue working together with AKP to make Cresemba available to patients in Japan for whom invasive fungal infections can pose a serious threat.”
Cresemba is approved in 73 countries to date and is currently marketed in around 65 countries, including the United States, China, Japan, most EU member states and additional countries inside and outside of Europe. According to the latest available market data, total global in-market sales of Cresemba in the twelve months between October 2021 and September 2022 amounted to USD 363 million, a 19 percent growth year-on-year.1
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