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UPDATE: Fortress Biotech's Subsidiary Cyprium Therapeutics Enters into Agreement to Sell Rare Pediatric Disease Priority Review Voucher for $205 Million
Globenewswire· 2026-02-23 14:24
Core Viewpoint - Fortress Biotech, Inc. and its subsidiary Cyprium Therapeutics announced the sale of a Rare Pediatric Disease Priority Review Voucher for $205 million, highlighting the company's strategic focus on value-generating transactions and advancements in their product pipeline [1][3]. Company Developments - Cyprium Therapeutics has transferred the development and commercialization rights of ZYCUBO to Sentynl Therapeutics, which was approved by the FDA on January 12, 2026, for treating Menkes disease [2]. - The PRV was issued following the FDA approval of ZYCUBO, and Cyprium is set to receive tiered royalties on net sales and up to $129 million in development and sales milestones from Sentynl [2]. - Cyprium is obligated to pay 20% of the PRV sale proceeds to the Eunice Kennedy Shriver National Institute of Child Health and Human Development [2]. Strategic Positioning - Fortress Biotech's Chairman emphasized the significance of the PRV sale and recent FDA approvals for their products, indicating a strong position to execute on their portfolio [3]. - Cyprium's recent achievements include the approval of ZYCUBO and the execution of the asset sale, with plans to advance AAV-ATP7A Gene Therapy for Menkes disease [3]. Company Background - Cyprium Therapeutics focuses on developing therapies for Menkes disease and related disorders, having established a partnership with the Eunice Kennedy Shriver National Institute of Child Health and Human Development for clinical development [4]. - Fortress Biotech is an innovative biopharmaceutical company with a diverse portfolio, including eight marketed products and multiple development programs across various therapeutic areas [5].
Fortress Biotech’s Subsidiary Cyprium Therapeutics Enters into Agreement to Sell Rare Pediatric Disease Priority Review Voucher for $205 Million
Globenewswire· 2026-02-23 13:30
Core Viewpoint - Fortress Biotech, Inc. and its subsidiary Cyprium Therapeutics announced the sale of a Rare Pediatric Disease Priority Review Voucher for $205 million, indicating strong corporate execution and potential for profitability in the near future [1][3]. Group 1: Transaction Details - Cyprium entered into a definitive asset purchase agreement to sell its PRV for gross proceeds of $205 million upon closing [1]. - The PRV was issued following the FDA approval of ZYCUBO on January 12, 2026, which was developed by Cyprium and is intended for the treatment of Menkes disease [2]. - Cyprium will receive tiered royalties on net sales of ZYCUBO and up to $129 million in development and sales milestones from Sentynl Therapeutics [2]. Group 2: Company Achievements - The approval of ZYCUBO is a significant milestone for patients with Menkes disease, showcasing Cyprium's ability to execute value-generating transactions [3]. - Fortress has received three FDA approvals in the last 15 months for its products, including Emrosi™, UNLOXCYT™, and ZYCUBO, positioning the company for potential profitability this year [3]. - Cyprium is advancing AAV-ATP7A Gene Therapy toward clinical development, which aims to provide additional treatment options for Menkes disease [3][4]. Group 3: Company Background - Cyprium Therapeutics focuses on developing therapies for Menkes disease and related copper metabolism disorders, having established a partnership with the Eunice Kennedy Shriver National Institute of Child Health and Human Development [4]. - Fortress Biotech is an innovative biopharmaceutical company with a diverse portfolio, including eight marketed prescription products and multiple development programs across various therapeutic areas [5][6].
Fortress Biotech and Cyprium Therapeutics Announce U.S. FDA Approval of ZYCUBO® (copper histidinate), the First and Only Approved Treatment for Menkes Disease in the United States
Globenewswire· 2026-01-13 12:45
Core Insights - The FDA has approved ZYCUBO (copper histidinate) for the treatment of Menkes disease in pediatric patients, marking it as the first and only FDA-approved treatment for this condition [1][4][9] - Cyprium Therapeutics, a subsidiary of Fortress Biotech, will receive a Rare Pediatric Disease Priority Review Voucher (PRV) and is eligible for tiered royalties and up to $129 million in development and sales milestones from Sentynl Therapeutics [2][4] Company Developments - Fortress Biotech and Cyprium Therapeutics announced the FDA approval of ZYCUBO, which is a significant milestone for both the company and patients suffering from Menkes disease [4] - The approval of ZYCUBO is supported by positive clinical efficacy results, showing a nearly 80% reduction in the risk of death for patients receiving early treatment compared to an untreated control cohort [4][9] Product Information - ZYCUBO is a subcutaneous injectable formulation that restores copper homeostasis in patients with Menkes disease, a rare genetic disorder caused by mutations in the ATP7A gene [3][9] - The drug has received multiple designations from the FDA, including Breakthrough Therapy, Fast Track, Rare Pediatric Disease, and Orphan Drug Designation [6] Market Context - Menkes disease has a minimum birth prevalence of 1 in 34,810 live male births, with potentially higher rates based on recent studies [7][8] - The condition is characterized by severe neurological symptoms and high mortality rates in untreated cases, emphasizing the need for effective treatments like ZYCUBO [8]
RCKT Stock Up as FDA Accepts Resubmitted BLA for Gene Therapy
ZACKS· 2025-10-15 16:35
Core Insights - Rocket Pharmaceuticals (RCKT) has had its resubmitted biologics license application (BLA) for gene therapy Kresladi accepted by the FDA, aiming to treat severe leukocyte adhesion deficiency-I (LAD-I) [1][7] - The FDA's decision on the BLA is anticipated by March 28, 2026, with the potential approval marking RCKT's first commercial product [1][10] - Following the announcement, RCKT's shares increased by 23.1% [1] Company Performance - Year-to-date, RCKT's shares have decreased by 66.1%, contrasting with a 7.7% increase in the industry [4] Clinical Data - The BLA is supported by positive results from a global phase I/II study, demonstrating 100% overall survival for LAD-I patients at 12 months post-infusion, meeting all primary and secondary endpoints [2] - Kresladi treatment was well tolerated, with no serious adverse effects reported [2] Regulatory Incentives - If approved, RCKT will qualify for a Rare Pediatric Disease Priority Review Voucher (PRV), which can expedite the approval of another drug or be sold to a larger pharmaceutical company [3] Background on LAD-I - LAD-I is a rare genetic disorder caused by a defect in the ITGB2 gene, leading to severe immune system issues and recurrent infections [9]