Biofrontera Inc. Closes Purchase of All Ameluz® and RhodoLED® US Assets from Biofrontera AG

Core Viewpoint - Biofrontera Inc. has successfully completed a restructuring and asset purchase agreement with its former parent company, Biofrontera AG, acquiring full U.S. rights to Ameluz and RhodoLED, which is expected to enhance its financial and operational profile [1][5][8] Group 1: Transaction Details - Biofrontera Inc. has acquired all U.S. assets and rights related to Ameluz and RhodoLED, including the New Drug Application (NDA), Investigational New Drug Application (IND), manufacturing rights, intellectual property, and personnel [1][3] - The transaction includes a new earnout structure where Biofrontera Inc. will pay 12% of U.S. net sales of Ameluz up to $65 million and 15% for sales above that threshold, replacing the previous model of 25%-35% [2][8] - The transaction was funded through an $11 million investment led by Rosalind Advisors and AIGH Capital Management, with Biofrontera AG receiving a 10% post-money equity stake in Biofrontera Inc. [4][8] Group 2: Operational Implications - Following the agreement, Biofrontera Inc. will take full responsibility for the manufacturing, regulatory, quality management, pharmacovigilance, and commercialization of Ameluz and RhodoLED in the U.S. [3] - The company anticipates completing the full transfer of assets and personnel by late Q4 2025 or early Q1 2026 [3] - The new earnout structure is expected to drive significant gross margin expansion starting in Q4 2025, positioning the company for accelerated growth of Ameluz and potential label expansion [5]