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Rare-disease voucher sale brings Fortress more than $100M
Fortress Biotech’s subsidiary, Cyprium Therapeutics, has completed the sale of its Rare Pediatric Disease Priority Review Voucher for $205 million. Fortress Biotech anticipates receiving over $100 million from this transaction, which will enhance its financial flexibility for business development and portfolio advancement. Cyprium Therapeutics will also retain eligibility for tiered royalties on ZYCUBO sales and up to $128 million in aggregate sales milestones, although 20% of the PRV proceeds will be paid to the NIH.